MiniMax M3.1 Flash vs Step 5 Preview

Price, context window & benchmark comparison

MiniMax

MiniMax M3.1 Flash

MiniMax
$0.15 / $0.60
Input / Output · per 1M tokens
VS
StepFun

Step 5 Preview

StepFun
$1.00 / $2.70
Input / Output · per 1M tokens
Compare different models
MiniMax
StepFun
Verdict: MiniMax M3.1 Flash is 5.4× cheaper than Step 5 Preview on a typical 3:1 input/output mix. MiniMax M3.1 Flash scores higher on the Artificial Analysis Intelligence Index (28.9 vs 28.5).
MiniMax M3.1 FlashStep 5 Preview
Input price / 1M$0.15$1.00
Output price / 1M$0.60$2.70
Blended price (3:1)$0.26$1.43
Cached input / 1M$0.015$0.10
Context window1M1M
Max output524K64K
Intelligence index28.928.5
Coding index——
Providers14—
Best provider uptime (30m)100.0%—
Vision inputYesYes
ReasoningYesYes
Tool callingYesYes
Released2026-10-192026-10-08
Retirement——

Cost calculator

FAQ

Which is cheaper, MiniMax M3.1 Flash or Step 5 Preview?

MiniMax M3.1 Flash is 5.4× cheaper than Step 5 Preview on a typical 3:1 input/output mix.

MiniMax M3.1 Flash vs Step 5 Preview: which has a bigger context window?

MiniMax M3.1 Flash: 1,048,576 tokens. Step 5 Preview: 1,048,576 tokens.

How much would 1 million requests cost?

At 2,000 input + 500 output tokens per request: MiniMax M3.1 Flash ≈ $600.00, Step 5 Preview ≈ $3,350.

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