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MiniMax M3.1 Flash vs Qwen2.5-Coder 32B Instruct

MiniMax M3.1 Flash leads the LLM Stats Score 48.5 to 1.7. Qwen2.5-Coder 32B Instruct is 2.9x cheaper per token.

MiniMax · Alibaba Cloud / Qwen Team · Updated for 2026

Which is better?

MiniMax M3.1 Flash leads the overall LLM Stats Score 48.5 to 1.7, ranking #29 overall.

On price, Qwen2.5-Coder 32B Instruct is roughly 2.9x cheaper per token on a blended 3:1 input/output basis, which adds up quickly at production volume.

MiniMax M3.1 Flash also accepts a larger context window (1,000,000 input tokens), making it the stronger choice for long documents and large codebases.

Based on current LLM Stats indexes, shared benchmarks, pricing, and model metadata for 2026.

Choose MiniMax M3.1 Flash

  • overall performance matters — it scores 48.5 and ranks #29 on LLM Stats
  • your work emphasizes reasoning and coding — it leads those capability indexes
  • you process long inputs — it offers a 1,000,000 token context window
  • you want the most recent training data — it shipped Oct 2026

Choose Qwen2.5-Coder 32B Instruct

  • cost matters — it's about 2.9x cheaper per token
  • you need open weights you can self-host or fine-tune

At a glance

The differences that matter most.

Core performance indexes
48.5
#29
1.7
#341
45.8
#34
1.8
#331
37.8
#23
9.9
#187
Cost, coverage & limits
Benchmark wins
—
—
Input price
$0.15 / M
$0.09 / M
Output price
$0.60 / M
$0.09 / M
Context window
1,000,000
128,000

Individual benchmarks

14 reported for MiniMax M3.1 Flash · 15 for Qwen2.5-Coder 32B Instruct

No common benchmarks found

MiniMax M3.1 Flash and Qwen2.5-Coder 32B Instructdon't have any common benchmark datasets to compare. They may have been evaluated on different testing suites.

Human preference

Blind head-to-head votes and playground preference scores

Pricing Analysis

Price comparison per million tokens

Qwen2.5-Coder 32B Instruct costs less

For input processing, MiniMax M3.1 Flash ($0.15/1M tokens) is 1.7x more expensive than Qwen2.5-Coder 32B Instruct ($0.09/1M tokens).

For output processing, MiniMax M3.1 Flash ($0.60/1M tokens) is 6.7x more expensive than Qwen2.5-Coder 32B Instruct ($0.09/1M tokens).

In conclusion, MiniMax M3.1 Flash is more expensive than Qwen2.5-Coder 32B Instruct.*

* Using a 3:1 ratio of input to output tokens

Lowest available price from all providers
Tue Oct 20 2026 • llm-stats.com
MiniMax
MiniMax M3.1 Flash
Input tokens$0.15
Output tokens$0.60
Best providerMiniMax
Alibaba Cloud / Qwen Team
Qwen2.5-Coder 32B Instruct
Input tokens$0.09
Output tokens$0.09
Best providerLambda
Notice missing or incorrect data?

Context Window

Maximum input and output token capacity

MiniMax M3.1 Flash accepts 1,000,000 input tokens compared to Qwen2.5-Coder 32B Instruct's 128,000 tokens. MiniMax M3.1 Flash can generate longer responses up to 524,288 tokens, while Qwen2.5-Coder 32B Instruct is limited to 128,000 tokens.

MiniMax
MiniMax M3.1 Flash
Input1,000,000 tokens
Output524,288 tokens
Alibaba Cloud / Qwen Team
Qwen2.5-Coder 32B Instruct
Input128,000 tokens
Output128,000 tokens
Tue Oct 20 2026 • llm-stats.com

Input capabilities

Documented input modalities across available providers

MiniMax M3.1 Flash supports multimodal inputs, whereas Qwen2.5-Coder 32B Instruct does not.

MiniMax M3.1 Flash can handle both text and other forms of data like images, making it suitable for multimodal applications.

MiniMax M3.1 Flash

Text
Images
Audio
Video

Qwen2.5-Coder 32B Instruct

Text
Images
Audio
Video

License

Usage and distribution terms

MiniMax M3.1 Flash is licensed under a proprietary license, while Qwen2.5-Coder 32B Instruct uses Apache 2.0.

License differences may affect how you can use these models in commercial or open-source projects.

MiniMax M3.1 Flash

Proprietary

Closed source

Qwen2.5-Coder 32B Instruct

Apache 2.0

Open weights

Release Timeline

When each model was launched

MiniMax M3.1 Flash was released on 2026-10-19, while Qwen2.5-Coder 32B Instruct was released on 2024-09-19.

MiniMax M3.1 Flash is 25 months newer than Qwen2.5-Coder 32B Instruct.

MiniMax M3.1 Flash

Oct 19, 2026

1 days ago

2.1yr newer
Qwen2.5-Coder 32B Instruct

Sep 19, 2024

2.1 years ago

Knowledge Cutoff

When training data ends

Neither model specifies a knowledge cutoff date.

Unable to compare the recency of their training data.

No cutoff dates available

Provider Availability

MiniMax M3.1 Flash is available from MiniMax. Qwen2.5-Coder 32B Instruct is available from Lambda, DeepInfra, Hyperbolic, Fireworks.

MiniMax M3.1 Flash

minimax logo
MiniMax
Input Price:Input: $0.15/1MOutput Price:Output: $0.60/1M

Qwen2.5-Coder 32B Instruct

lambda logo
Lambda
Input Price:Input: $0.09/1MOutput Price:Output: $0.09/1M
deepinfra logo
Deepinfra
Input Price:Input: $0.18/1MOutput Price:Output: $0.18/1M
hyperbolic logo
Hyperbolic
Input Price:Input: $0.20/1MOutput Price:Output: $0.20/1M
fireworks logo
Fireworks
Input Price:Input: $0.89/1MOutput Price:Output: $0.89/1M
* Prices shown are per million tokens

Outputs Comparison

Notice missing or incorrect data?

Judge for yourself.

Run your own prompts against MiniMax M3.1 Flash and Qwen2.5-Coder 32B Instruct side-by-side, then vote on the output you prefer.

MiniMax M3.1 Flash
✓ Preferred
Qwen2.5-Coder 32B Instruct
Open in Playground

FAQ

Common questions about MiniMax M3.1 Flash vs Qwen2.5-Coder 32B Instruct.

Which is better, MiniMax M3.1 Flash or Qwen2.5-Coder 32B Instruct?

MiniMax M3.1 Flash leads the LLM Stats Score 48.5 to 1.7. MiniMax M3.1 Flash is made by MiniMax and Qwen2.5-Coder 32B Instruct is made by Alibaba Cloud / Qwen Team. The best choice depends on your use case — compare their capability indexes, individual benchmarks, pricing, and limits above.

How does MiniMax M3.1 Flash compare to Qwen2.5-Coder 32B Instruct in benchmarks?

MiniMax M3.1 Flash scores BabyVision: 91.0%, CharXiv-R: 82.5%, CyberGym: 82.2%, BankerToolBench: 76.2%, DeepSWE 1.1: 73.7%. Qwen2.5-Coder 32B Instruct scores HumanEval: 92.7%, GSM8k: 91.1%, MBPP: 90.2%, HellaSwag: 83.0%, Winogrande: 80.8%.

Is MiniMax M3.1 Flash cheaper than Qwen2.5-Coder 32B Instruct?

Qwen2.5-Coder 32B Instruct is 1.7x cheaper for input tokens. MiniMax M3.1 Flash costs $0.15/M input and $0.60/M output via minimax. Qwen2.5-Coder 32B Instruct costs $0.09/M input and $0.09/M output via lambda.

What are the context window sizes for MiniMax M3.1 Flash and Qwen2.5-Coder 32B Instruct?

MiniMax M3.1 Flash supports 1.0M tokens and Qwen2.5-Coder 32B Instruct supports 128K tokens. A larger context window lets you process longer documents, conversations, or codebases in a single request.

What are the main differences between MiniMax M3.1 Flash and Qwen2.5-Coder 32B Instruct?

Key differences include LLM Stats Score (48.5 vs 1.7), context window (1.0M vs 128K), input pricing ($0.15 vs $0.09/M), multimodal support (yes vs no), licensing (Proprietary vs Apache 2.0). See the full comparison above for benchmark-by-benchmark results.

Who makes MiniMax M3.1 Flash and Qwen2.5-Coder 32B Instruct?

MiniMax M3.1 Flash is developed by MiniMax and Qwen2.5-Coder 32B Instruct is developed by Alibaba Cloud / Qwen Team.