MiniMax M3.1 Flash is out at $0.15/$0.60 per million tokens, and it was the anonymous "Space Bunny" model

MiniMax says M3.1 Flash is the model that ran anonymously as "Space Bunny" and processed more than 200 trillion tokens before the reveal. Pricing is flat: $0.15 per million input tokens, $0.60 per million output and $0.015 for cached input. For comparison, MiniMax-M3 on the standard tier costs $0.30 and $1.20 for prompts up to 512K tokens, per MiniMax's pricing page.

The company also says inference is nearly three times faster, with output at 200+ tokens per second and a median of 170+. It claims results on par with top models on Automation-Bench, DeepSWE and Agents' Last Exam. Those are MiniMax's own numbers, and I haven't seen independent runs yet.

It's available through the MiniMax API, M Plan and the MiniMax Code app. The API takes OpenAI-style requests at https://api.minimax.io/v1 and Anthropic-style requests at https://api.minimax.io/anthropic, with the model ID MiniMax-M3.1-Flash. Thinking is on by default, and reasoning effort defaults to max (it accepts low, medium, high, xhigh and max). MiniMax says the weights come later, and so does a Pro model.