GPT-5.4 Nano vs MiniMax M3.1 Flash
OpenAI · US | MiniMax · China · Updated June 2026
Quick verdict
Pick GPT-5.4 Nano for cheapest gpt-5.4-family tier at $0.20/$1.25 — built for high-volume, latency-sensitive work or classification, extraction, ranking and sub-agent execution at scale. Pick MiniMax M3.1 Flash for $0.15/$0.60 per million tokens (cached $0.015) with flat pricing regardless of prompt length or 428b-parameter moe (about 23b active) with weights on hugging face from october 23, 2026. Choose MiniMax M3.1 Flash if you need self-hosting or data privacy; GPT-5.4 Nano if you want a managed API.
GPT-5.4 Nano (OpenAI, US) and MiniMax M3.1 Flash (MiniMax, China) line up two different AI ecosystems against each other — a comparison that is as much about cost philosophy and openness as raw capability. GPT-5.4 Nano is openAI's cheapest GPT-5.4 variant at $0.20/$1.25 with a 400K window — a speed-and-cost tier for high-volume tasks, not deep reasoning. MiniMax M3.1 Flash is miniMax's October 19, 2026 always-thinking agentic Flash model - 1M context, text/image/video input, $0.15/$0.60 and open weights under a community license. They diverge most on price, context window and open vs. closed weights — each quantified below from the models' real specs.
Key differences at a glance
- ▸Price: MiniMax M3.1 Flash is about 1.3× cheaper on input ($0.15/$0.6 per 1M tokens vs $0.2/$1.25 per 1M tokens) — modest, but it adds up at steady volume.
- ▸Context window: MiniMax M3.1 Flash holds 2.5× more — 1M tokens (~1,500 pages) vs 400K (~600 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
- ▸Recency: MiniMax M3.1 Flash is the newer model by about 7 months (released October 19, 2026), usually meaning fresher training data and capabilities.
- ▸Ecosystem: this is a US-vs-China matchup — they differ in pricing philosophy, data-residency options, and tooling ecosystems, not only benchmarks.
Side-by-side specs
| Spec | GPT-5.4 Nano | MiniMax M3.1 Flash |
|---|---|---|
| Provider | OpenAI (US) | MiniMax (China) |
| Released | March 17, 2026 | October 19, 2026 |
| Context window | 400K (~600 pages) | 1M tokens (~1,500 pages) |
| Price (in/out) | $0.2/$1.25 per 1M tokens | $0.15/$0.6 per 1M tokens |
| Open weight? | No — API only | Yes — self-hostable |
| Modalities | text, image, code | text, image, video, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
Cheapest GPT-5.4-family tier at $0.20/$1.25 — built for high-volume, latency-sensitive work
GPT-5.4 Nano
GPT-5.4 Nano lists cheapest GPT-5.4-family tier at $0.20/$1.25 — built for high-volume, latency-sensitive work among its strengths; MiniMax M3.1 Flash does not.
Classification, extraction, ranking and sub-agent execution at scale
GPT-5.4 Nano
GPT-5.4 Nano lists classification, extraction, ranking and sub-agent execution at scale among its strengths; MiniMax M3.1 Flash does not.
A 400K context in the smallest, fastest GPT-5.4 variant
GPT-5.4 Nano
GPT-5.4 Nano lists a 400K context in the smallest, fastest GPT-5.4 variant among its strengths; MiniMax M3.1 Flash does not.
$0.15/$0.60 per million tokens (cached $0.015) with flat pricing regardless of prompt length
MiniMax M3.1 Flash
Its 1M tokens window holds about 2.5× more than GPT-5.4 Nano's 400K in a single prompt.
428B-parameter MoE (about 23B active) with weights on Hugging Face from October 23, 2026
MiniMax M3.1 Flash
MiniMax's October 19, 2026 always-thinking agentic Flash model - 1M context, text/image/video input, $0.15/$0.60 and open weights under a community license — and it runs cheaper at $0.15/$0.6 per 1M tokens.
DeepSWE v1.1 of 73.7% and OSWorld V2 of 61.7 (MiniMax-reported)
MiniMax M3.1 Flash
GPT-5.4 Nano is comparatively weak here — no published SWE-Bench Verified score (OpenAI reported SWE-Bench Pro instead)
Lowest cost at scale
MiniMax M3.1 Flash
At $0.15/$0.6 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Largest single-prompt input
MiniMax M3.1 Flash
Its 1M tokens window is about 2.5× larger than GPT-5.4 Nano's 400K, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ MiniMax M3.1 Flash
At $0.15/$0.6 per 1M tokens it undercuts GPT-5.4 Nano, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases
→ MiniMax M3.1 Flash
Larger 1M tokens window fits more in one prompt.
A team with data-privacy or self-hosting needs
→ MiniMax M3.1 Flash
Open weights let you run it on your own hardware; GPT-5.4 Nano is API-only.
Anyone whose priority is cheapest gpt-5.4-family tier at $0.20/$1.25 — built for high-volume, latency-sensitive work
→ GPT-5.4 Nano
It is specifically built for that.
Anyone whose priority is $0.15/$0.60 per million tokens (cached $0.015) with flat pricing regardless of prompt length
→ MiniMax M3.1 Flash
That is its strongest area.
An enterprise with regional data-residency rules
→ GPT-5.4 Nano or MiniMax M3.1 Flash
Origin (US vs China) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
GPT-5.4 Nano: where it fits
OpenAI's cheapest GPT-5.4 variant at $0.20/$1.25 with a 400K window — a speed-and-cost tier for high-volume tasks, not deep reasoning. Released March 17, 2026 by OpenAI, it is built for cheapest GPT-5.4-family tier at $0.20/$1.25 — built for high-volume, latency-sensitive work, classification, extraction, ranking and sub-agent execution at scale, a 400K context in the smallest, fastest GPT-5.4 variant, and text and image input for cheap multimodal pipelines.
Its trade-offs are real: a nano tier — not built for hard reasoning or frontier coding, no published SWE-Bench Verified score (OpenAI reported SWE-Bench Pro instead), outclassed by GPT-5.4 and GPT-5.4 Mini whenever a task needs real depth, and image input only — no audio or video. At $0.2 in / $1.25 out per million tokens, it sits in the budget price band.
MiniMax M3.1 Flash: where it fits
MiniMax's October 19, 2026 always-thinking agentic Flash model - 1M context, text/image/video input, $0.15/$0.60 and open weights under a community license. Released October 19, 2026 by MiniMax, it is built for $0.15/$0.60 per million tokens (cached $0.015) with flat pricing regardless of prompt length, 428B-parameter MoE (about 23B active) with weights on Hugging Face from October 23, 2026, deepSWE v1.1 of 73.7% and OSWorld V2 of 61.7 (MiniMax-reported), and artificial Analysis Intelligence Index of 42, 13 points above MiniMax M3.
Its trade-offs: thinking is always on and default effort is max, which inflates output-token cost, behind DeepSeek V4.1 Flash 1017 on Artificial Analysis's independent index, custom MiniMax Community license: attribution required, and products above $20M annual revenue need written authorization, and benchmarks are mostly self-reported; no SWE-bench Verified figure published. At $0.15 in / $0.6 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
The defining split here is open vs. closed. MiniMax M3.1 Flash gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. GPT-5.4 Nano gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Want both GPT-5.4 Nano and MiniMax M3.1 Flash without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
See pricingFrequently asked questions
Is GPT-5.4 Nano or MiniMax M3.1 Flash better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, GPT-5.4 Nano leans toward cheapest gpt-5.4-family tier at $0.20/$1.25 — built for high-volume, latency-sensitive work while MiniMax M3.1 Flash leans toward $0.15/$0.60 per million tokens (cached $0.015) with flat pricing regardless of prompt length, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, GPT-5.4 Nano or MiniMax M3.1 Flash?
MiniMax M3.1 Flash is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while GPT-5.4 Nano is API-metered at $0.2/$1.25 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
MiniMax M3.1 Flash — 1M tokens vs 400K, about 2.5× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both GPT-5.4 Nano and MiniMax M3.1 Flash together?
Yes — a multi-model platform like LumiChats gives you GPT-5.4 Nano, MiniMax M3.1 Flash and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, GPT-5.4 Nano or MiniMax M3.1 Flash?
MiniMax M3.1 Flash — released October 19, 2026, about 7 months after GPT-5.4 Nano.
Related comparisons
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.