Head to head

MiniMax M3 vs GPT-5.4 nano

On a blended workload of one million input tokens and three million output tokens, MiniMax M3 is line-ball with GPT-5.4 nano.

MiniMax M3GPT-5.4 nano
Provider Together AI OpenAI
Input / MTok $0.3 $0.2
Output / MTok $1.2 $1.25
Cache read / MTok $0.02
Context window 524,288
Blended 1M in + 3M out $3.90 $3.95
Status ga ga

MiniMax M3 detail   GPT-5.4 nano detail