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MiniMax M3 (batch) vs Fugu Max

MiniMax M3 (batch)

MiniMax

74#139
vs
Fugu Max

sakana

40#245
Signal-by-Signal Comparison
SignalMiniMax M3 (batch)DeltaFugu Max
Capabilities
83
-17
100
Benchmarks
72
+72
0
Pricing
99
+5
94
Context window size
91
-4
95
Recency
100
--
100
Output Capacity
91
+9
82
Overall Result
3 wins
of 6
2 wins
MiniMax M3 (batch) wins 3 of 6 signals

Score History

Score History (6 data points)
MiniMax M3 (batch)Fugu Max
MiniMax M3 (batch)

73.7

current score

Leader

MiniMax M3 (batch)

right now

Fugu Max

40

current score

LMMarketCap.com
Interactive Price Comparison
100Kcalls/month
1,000tokens (~1,333 chars)
500tokens (~667 chars)

MiniMax M3 (batch)

MiniMax

Best Value
Per request$0.000900
Daily$3.00
Monthly$90.00
Annual$1080.00

Fugu Max

sakana

Per request$0.005000
Daily$16.67
Monthly$500.00
Annual$6000.00

MiniMax M3 (batch) saves you $410.00/month

That's $4920.00/year compared to Fugu Max at your current usage level of 100K calls/month.

82% cheaper
Choose MiniMax M3 (batch) for cost optimization

MiniMax M3 (batch) pricing:
Input:$0.30/M tokens
Output:$1.20/M tokens
Fugu Max pricing:
Input:$2.00/M tokens
Output:$6.00/M tokens
Winner
MiniMax M3 (batch)

MiniMax

74

Composite Score

Fugu Max

sakana

40

Composite Score

Signal-by-Signal Comparison
MetricMiniMax M3 (batch)Fugu MaxWinner
Overall Score
74
40
MiniMax M3 (batch)
Rank#139#245
MiniMax M3 (batch)
Quality Rank#139#245
MiniMax M3 (batch)
Adoption Rank#139#245
MiniMax M3 (batch)
Parameters------
Context Window524K1000K
Fugu Max
Pricing$0.30/$1.20/M$2.00/$6.00/M--
Signal Scores
Capabilities
83
100
Fugu Max
Benchmarks
72
--
MiniMax M3 (batch)
Pricing
99
94
MiniMax M3 (batch)
Context window size
91
95
Fugu Max
Recency
100
100
MiniMax M3 (batch)
Output Capacity
91
82
MiniMax M3 (batch)
Benchmark Head-to-Head(1 benchmarks)
MiniMax M3: 0Fugu Max: 0
MiniMax M3
Fugu Max
Normalized 0-100%
Arena Elo
1442-
Benchmark Interpretation

Our score (0-100) is driven by benchmark performance (90%) from Arena Elo ratings, MMLU, GPQA, HumanEval, SWE-bench, and 15+ standardized evaluations. Capabilities and context window serve as tiebreakers (10%). Learn more about our methodology.

MiniMax M3 (batch)Strong Performer

Scores 74/100 (rank #139), placing it in the top 52% of all 290 models tracked.

Raw Quality0/100
Cost Efficiency0/100
Speed0/100
Fugu MaxEntry Level

Scores 40/100 (rank #245), placing it in the top 16% of all 290 models tracked.

Raw Quality0/100
Cost Efficiency0/100
Speed0/100

MiniMax M3 (batch) has a 34-point advantage, which typically translates to noticeably stronger performance on complex reasoning, code generation, and multi-step tasks.

When to Use Each Model

Choose MiniMax M3 (batch) when you need:

  • High-volume production workloads where API costs must be minimized
  • Step-by-step reasoning and chain-of-thought problem solving
  • Self-hosted deployments where you need full control over the model

Choose Fugu Max when you need:

  • Processing long documents or large codebases (1000K token context)
  • Step-by-step reasoning and chain-of-thought problem solving
Cost-Performance Analysis
MiniMax M3 (batch)Best Value
Input cost$0.30/M tokens
Output cost$1.20/M tokens
Cost per quality point$0.020
Est. monthly (1M tokens/day)$22.50
Fugu Max
Input cost$2.00/M tokens
Output cost$6.00/M tokens
Cost per quality point$0.200
Est. monthly (1M tokens/day)$120.00

MiniMax M3 (batch) offers 81% better value per quality point. At 1M tokens/day, you'd spend $22.50/month with MiniMax M3 (batch) vs $120.00/month with Fugu Max - a $97.50 monthly difference.

Latency & Speed
MiniMax M3 (batch)Faster
Speed score0/100
Fugu Max
Speed score0/100

Both models have comparable response speeds. For most applications, the latency difference is negligible.

When latency matters most: Interactive chatbots, IDE code completion, real-time translation, and user-facing applications where response time directly impacts experience. For batch processing, background summarization, or offline analysis, latency is less critical.

Example Use Cases

Code generation & review

Based on overall model capabilities and architecture for coding tasks like generating functions, debugging, and refactoring

MiniMax M3 (batch)

Customer support chatbot

Suitable for user-facing chat with competitive response times. MiniMax M3 (batch) also offers lower per-token costs for high-volume support

MiniMax M3 (batch)

Long document analysis

Larger context window (1000K tokens) can process longer documents, contracts, and research papers in a single pass

Fugu Max

Batch data extraction

Lower output pricing ($1.20/M) reduces costs when processing thousands of records daily

MiniMax M3 (batch)

Creative writing & content

Higher overall composite score (74/100) correlates with better nuance, coherence, and style in long-form content

MiniMax M3 (batch)

Image understanding & OCR

Supports vision input - can analyze screenshots, diagrams, photos, and scanned documents directly

MiniMax M3 (batch)
Which Should You Choose?
Our recommendation:
MiniMax M3 (batch)

MiniMax M3 (batch) clearly outperforms Fugu Max with a significant 33.7-point lead. For most general use cases, MiniMax M3 (batch) is the stronger choice. However, Fugu Max may still excel in niche scenarios.

by MiniMax

  • Choose for Quality - Marginally better benchmark scores; both are excellent
  • Choose for Cost - 81% lower pricing; better value at scale
  • Choose for Reliability - Higher uptime and faster response speeds
  • Choose for Prototyping - Stronger community support and better developer experience
  • Choose for Production - Wider enterprise adoption and proven at scale

by sakana

Consider for specialized use cases.

Capability Comparison
CapabilityMiniMax M3 (batch)Fugu Max
Vision (Image Input)
Function Calling
Streaming
JSON Mode
Reasoning
Web Searchdiffers
Image Output
Monthly Cost Calculator
1,000tokens (600 in / 400 out)
100requests/day (3,000/month)

MiniMax M3 (batch)

MiniMax

Best Value
$1.98
estimated monthly cost

Fugu Max

sakana

$10.80
estimated monthly cost

MiniMax M3 (batch) saves you $8.82/month

That's 82% cheaper than Fugu Max at 1,000 tokens/request and 100 requests/day.

Assumes 60% input / 40% output token ratio per request. Actual costs may vary based on your usage pattern.

Parameters & Context
ParameterMiniMax M3 (batch)Fugu Max
Context Window524K1M
Max Output Tokens471,859128,000
Open SourceYesNo
CreatedMay 31, 2026Sep 11, 2026
Last updated: 50m ago

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MiniMax M3 (batch) vs Fugu Max (2026) | LM Market Cap