MiniMax M3.1 Flash vs Nanbeige4.3-33B
MiniMax · China | Nanbeige LLM Lab (BOSS Zhipin) · China · Updated June 2026
Quick verdict
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. Pick Nanbeige4.3-33B for 33b dense open-weight model under apache 2.0 with a 524,288-token context or artificial analysis intelligence index of 20, first of the 8 models in its comparison class. On a tight budget at scale, Nanbeige4.3-33B is the value pick.
MiniMax M3.1 Flash (MiniMax) and Nanbeige4.3-33B (Nanbeige LLM Lab (BOSS Zhipin)) are two of the models people most often weigh against each other in 2026. 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. Nanbeige4.3-33B is nanbeige LLM Lab's October 25, 2026 Apache 2.0 open model - 33B parameters and 512K context, aimed at agentic coding on modest hardware. They diverge most on price and context window — each quantified below from the models' real specs.
Key differences at a glance
- ▸Context window: MiniMax M3.1 Flash holds 1.9× more — 1M tokens (~1,500 pages) vs 512K tokens (~786 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
Side-by-side specs
| Spec | MiniMax M3.1 Flash | Nanbeige4.3-33B |
|---|---|---|
| Provider | MiniMax (China) | Nanbeige LLM Lab (BOSS Zhipin) (China) |
| Released | October 19, 2026 | October 25, 2026 |
| Context window | 1M tokens (~1,500 pages) | 512K tokens (~786 pages) |
| Price (in/out) | $0.15/$0.6 per 1M tokens | Open weight (self-host / free) |
| Open weight? | Yes — self-hostable | Yes — self-hostable |
| Modalities | text, image, video, code | text, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
$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 1.9× more than Nanbeige4.3-33B's 512K tokens 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 carries the larger 1M tokens context.
DeepSWE v1.1 of 73.7% and OSWorld V2 of 61.7 (MiniMax-reported)
MiniMax M3.1 Flash
Nanbeige4.3-33B is comparatively weak here — coding benchmarks are self-reported, with non-standard settings noted on the model card and no independent reproduction
33B dense open-weight model under Apache 2.0 with a 524,288-token context
Nanbeige4.3-33B
MiniMax M3.1 Flash is comparatively weak here — thinking is always on and default effort is max, which inflates output-token cost
Artificial Analysis Intelligence Index of 20, first of the 8 models in its comparison class
Nanbeige4.3-33B
MiniMax M3.1 Flash is comparatively weak here — behind DeepSeek V4.1 Flash 1017 on Artificial Analysis's independent index
Lab-reported Terminal-Bench 2.1 of 80.9 and DeepSWE of 65.5
Nanbeige4.3-33B
MiniMax M3.1 Flash is comparatively weak here — benchmarks are mostly self-reported; no SWE-bench Verified figure published
Lowest cost at scale
Nanbeige4.3-33B
Its weights are open, so at volume you pay for your own hardware instead of MiniMax M3.1 Flash's $0.15/$0.6 per 1M tokens.
Largest single-prompt input
MiniMax M3.1 Flash
Its 1M tokens window is about 1.9× larger than Nanbeige4.3-33B's 512K tokens, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Nanbeige4.3-33B
At Open weight (self-host / free) it undercuts MiniMax M3.1 Flash, 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.
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
It is specifically built for that.
Anyone whose priority is 33b dense open-weight model under apache 2.0 with a 524,288-token context
→ Nanbeige4.3-33B
That is its strongest area.
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 are real: 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.
Nanbeige4.3-33B: where it fits
Nanbeige LLM Lab's October 25, 2026 Apache 2.0 open model - 33B parameters and 512K context, aimed at agentic coding on modest hardware. Released October 25, 2026 by Nanbeige LLM Lab (BOSS Zhipin), it is built for 33B dense open-weight model under Apache 2.0 with a 524,288-token context, artificial Analysis Intelligence Index of 20, first of the 8 models in its comparison class, and lab-reported Terminal-Bench 2.1 of 80.9 and DeepSWE of 65.5.
Its trade-offs: coding benchmarks are self-reported, with non-standard settings noted on the model card and no independent reproduction, no public first-party API or per-token price; Artificial Analysis lists no publicly available API, and text-only input. As an open-weight model, its running cost is your own hardware rather than a per-token fee.
The bottom line for this matchup
MiniMax M3.1 Flash and Nanbeige4.3-33B overlap enough that the right pick depends on your specific job. Nanbeige4.3-33B costs less per token; MiniMax M3.1 Flash holds the larger context; and each leads in its own area — MiniMax M3.1 Flash for $0.15/$0.60 per million tokens (cached $0.015) with flat pricing regardless of prompt length, Nanbeige4.3-33B for 33b dense open-weight model under apache 2.0 with a 524,288-token context. Rather than crowning one, run the same hard task through both once and let the results decide.
Want both MiniMax M3.1 Flash and Nanbeige4.3-33B 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 MiniMax M3.1 Flash or Nanbeige4.3-33B 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, MiniMax M3.1 Flash leans toward $0.15/$0.60 per million tokens (cached $0.015) with flat pricing regardless of prompt length while Nanbeige4.3-33B leans toward 33b dense open-weight model under apache 2.0 with a 524,288-token context, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, MiniMax M3.1 Flash or Nanbeige4.3-33B?
Nanbeige4.3-33B is cheaper — $0.15/$0.6 per 1M tokens vs Open weight (self-host / free).
Which has the bigger context window?
MiniMax M3.1 Flash — 1M tokens vs 512K tokens, about 1.9× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both MiniMax M3.1 Flash and Nanbeige4.3-33B together?
Yes — a multi-model platform like LumiChats gives you MiniMax M3.1 Flash, Nanbeige4.3-33B 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, MiniMax M3.1 Flash or Nanbeige4.3-33B?
Nanbeige4.3-33B — released October 25, 2026, about 6 days after MiniMax M3.1 Flash.
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.