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MiniMax-01 vs Nemotron 3.5 Lightning

Nemotron 3.5 Lightning costs 7.5x less per output token than MiniMax-01 ($0.147 vs $1.10 per million). Updated October 22, 2026; no benchmark has tested both models yet.

MiniMax-01MiniMax
Coding
No data
Overall
No data
Output $/M
$1.10
Nemotron 3.5 LightningNVIDIA
Coding
22.6
Overall
No data
Output $/M
$0.147
vs $1.10 vs $0.147 per 1M output tokens. Nemotron 3.5 Lightning is 7.5x cheaper.

MiniMax-01 or Nemotron 3.5 Lightning: which to pick

Only Nemotron 3.5 Lightning has a coding score, 22.6 on the Vibe Coding Index; MiniMax-01 has none, so the two cannot be ranked on coding.

Pick MiniMax-01 for a larger context window (1M against 262K tokens).

No benchmark has tested both yet. MiniMax-01 has results on Kagi LLM Benchmark; Nemotron 3.5 Lightning on AA Coding Index, SWE-bench Verified (Vals AI) and Vibe Code Bench (Vals AI). Compare them on price and context instead.

Which one for your work

Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.

At a glance

Coding index
MiniMax-01 not benchmarked, Nemotron 3.5 Lightning 22.6 from 2 benchmarks.
Widest category
None yet: no category has been tested on both models.
Widest single gap
None yet: no benchmark has tested both models.
Output price
MiniMax-01 $1.10 against Nemotron 3.5 Lightning $0.147 per million output tokens, 7.5x apart.
Context window
MiniMax-01 takes 1M tokens, Nemotron 3.5 Lightning 262K.

Benchmark by benchmark

Every board either model has a result on, a category to a fold; bars are each result on a 0 to 100 scale. Only one model is measured on each, so no row names a leader.

CodingDirectional onlySix of these boards feed the Vibe Coding Index9 boards measured
Coding benchmarks for MiniMax-01 and Nemotron 3.5 Lightning
BenchmarkMiniMax-01Nemotron 3.5 LightningLeader
AA Coding IndexNot measured26.8Only Nemotron 3.5 Lightning measured
SWE-bench Verified (Vals AI)Not measured52.8%Only Nemotron 3.5 Lightning measured
Vibe Code Bench (Vals AI)Not measured0.0%Only Nemotron 3.5 Lightning measured
Code migration (Vals AI)Not measured3.0%Only Nemotron 3.5 Lightning measured
ProgramBench (Vals AI)Not measured0.0%Only Nemotron 3.5 Lightning measured
Terminal-Bench 2.1 (Vals AI)Not measured10.9%Only Nemotron 3.5 Lightning measured
CyberBench (Vals AI)Not measured29.5%Only Nemotron 3.5 Lightning measured
SciCodeNot measured32.1%Only Nemotron 3.5 Lightning measured
ALE-BenchNot measured769.2Only Nemotron 3.5 Lightning measured
Neither model has a result on the other 34 boards here
IntelligenceDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
Intelligence benchmarks for MiniMax-01 and Nemotron 3.5 Lightning
BenchmarkMiniMax-01Nemotron 3.5 LightningLeader
AA Intelligence IndexNot measured12.9Only Nemotron 3.5 Lightning measured
Neither model has a result on the other 1 board here
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index5 boards measured
Agentic work benchmarks for MiniMax-01 and Nemotron 3.5 Lightning
BenchmarkMiniMax-01Nemotron 3.5 LightningLeader
AA Agentic IndexNot measured3.5Only Nemotron 3.5 Lightning measured
Finance Agent (Vals AI)Not measured18.5%Only Nemotron 3.5 Lightning measured
Tax Agent Bench (Vals AI)Not measured2.6%Only Nemotron 3.5 Lightning measured
Legal Research Bench (Vals AI)Not measured2.9%Only Nemotron 3.5 Lightning measured
Excel Modeling Benchmark (Vals AI)Not measured17.0%Only Nemotron 3.5 Lightning measured
Neither model has a result on the other 37 boards here
ReasoningDirectional onlyPublic boards, shown as published, kept out of the index3 boards measured
Reasoning benchmarks for MiniMax-01 and Nemotron 3.5 Lightning
BenchmarkMiniMax-01Nemotron 3.5 LightningLeader
GPQA Diamond (Artificial Analysis run)Not measured74.3%Only Nemotron 3.5 Lightning measured
Humanity's Last Exam (Artificial Analysis run)Not measured10.6%Only Nemotron 3.5 Lightning measured
Kagi LLM Benchmark42.5%Not measuredOnly MiniMax-01 measured
Neither model has a result on the other 20 boards here
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
Knowledge benchmarks for MiniMax-01 and Nemotron 3.5 Lightning
BenchmarkMiniMax-01Nemotron 3.5 LightningLeader
CorpFin (Vals AI)Not measured54.2%Only Nemotron 3.5 Lightning measured
Neither model has a result on the other 19 boards here
GeneralDirectional onlyPublic boards, shown as published, kept out of the index2 boards measured
General benchmarks for MiniMax-01 and Nemotron 3.5 Lightning
BenchmarkMiniMax-01Nemotron 3.5 LightningLeader
MedScribe (Vals AI)Not measured4.3%Only Nemotron 3.5 Lightning measured
Long context reasoning (AA-LCR)Not measured60.3%Only Nemotron 3.5 Lightning measured
Neither model has a result on the other 46 boards here

What each workload costs

Three fixed token mixes at each model's listed price, so per-token rates become a bill.

Chat turn

1K input + 500 output tokens

MiniMax-01$0.0008Fits in one request
Nemotron 3.5 Lightning$0.0001Fits in one request

Nemotron 3.5 Lightning costs less

Repository review

50K input + 3K output tokens

MiniMax-01$0.013Fits in one request
Nemotron 3.5 Lightning$0.0031Fits in one request

Nemotron 3.5 Lightning costs less

Agent loop

200K input + 10K output tokens

MiniMax-01$0.051Fits in one request
Nemotron 3.5 Lightning$0.012Fits in one request

Nemotron 3.5 Lightning costs less

Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.

Specification differences

The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.

Specifications of MiniMax-01 and Nemotron 3.5 Lightning
SpecificationMiniMax-01NVIDIA Nemotron 3.5 Lightning
MakerMiniMaxNVIDIA
WeightsOpen weightsOpen weights
ReleasedJanuary 15, 2025August 11, 2026
Context window1M262K
Input $/Mtok$0.20$0.0534
Output $/Mtok$1.10$0.147
Coding indexNot benchmarked22.6
Independent measurements behind it02
Cost per solved taskNot computable$0.06
SourceOpenRouter listingOpenRouter listing

Questions

Is MiniMax-01 better than Nemotron 3.5 Lightning for coding?

Only Nemotron 3.5 Lightning has a coding score, 22.6 on the Vibe Coding Index; MiniMax-01 has none, so the two cannot be ranked on coding. Pick MiniMax-01 for a larger context window (1M against 262K tokens).

Which is cheaper, MiniMax-01 or Nemotron 3.5 Lightning?

MiniMax-01 costs $0.20 per million input tokens and $1.10 per million output tokens; Nemotron 3.5 Lightning costs $0.0534 and $0.147. Cost per solved task is known for Nemotron 3.5 Lightning only.

Which has the bigger context window, MiniMax-01 or Nemotron 3.5 Lightning?

MiniMax-01, with 1M tokens against 262K.

Has any benchmark tested both MiniMax-01 and Nemotron 3.5 Lightning?

No benchmark has tested both yet. MiniMax-01 has results on Kagi LLM Benchmark; Nemotron 3.5 Lightning on AA Coding Index, SWE-bench Verified (Vals AI) and Vibe Code Bench (Vals AI). Compare them on price and context instead. Data as of October 22, 2026.

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