MiniMax M3.1 Flash vs Qwen3 32B

Price, context window & benchmark comparison

MiniMax

MiniMax M3.1 Flash

MiniMax
$0.15 / $0.60
Input / Output · per 1M tokens
VS
Qwen (Alibaba)

Qwen3 32B

Qwen (Alibaba)
$0.08 / $0.28
Input / Output · per 1M tokens
Compare different models
MiniMax
Qwen (Alibaba)
Verdict: Qwen3 32B is 2.0× cheaper than MiniMax M3.1 Flash on a typical 3:1 input/output mix. MiniMax M3.1 Flash has the larger context window (1M vs 131K).
MiniMax M3.1 FlashQwen3 32B
Input price / 1M$0.15$0.08
Output price / 1M$0.60$0.28
Blended price (3:1)$0.26$0.13
Cached input / 1M$0.015—
Context window1M131K
Max output524K16K
Intelligence index29.1—
Coding index—15.3
Providers11—
Best provider uptime (30m)100.0%—
Vision inputYesNo
ReasoningYesYes
Tool callingYesYes
Released2026-10-192025-04-28
Retirement——

Cost calculator

FAQ

Which is cheaper, MiniMax M3.1 Flash or Qwen3 32B?

Qwen3 32B is 2.0× cheaper than MiniMax M3.1 Flash on a typical 3:1 input/output mix.

MiniMax M3.1 Flash vs Qwen3 32B: which has a bigger context window?

MiniMax M3.1 Flash: 1,048,576 tokens. Qwen3 32B: 131,072 tokens.

How much would 1 million requests cost?

At 2,000 input + 500 output tokens per request: MiniMax M3.1 Flash ≈ $600.00, Qwen3 32B ≈ $300.00.

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