MiniMax M3 vs Qwen3 32B
MiniMax M3 leads Qwen3 32B on the Artificial Analysis Intelligence Index, 29.2 to 7.3, and Qwen3 32B costs 3.0x less per output token ($0.40 vs $1.20 per million). Updated October 22, 2026; 36 benchmarks have a result for both.
MiniMax M3 or Qwen3 32B: which to pick
Only MiniMax M3 has a coding score, 39.2 on the Vibe Coding Index; Qwen3 32B has none, so the two cannot be ranked on coding.
Pick Qwen3 32B for output tokens 3.0x cheaper ($0.40 vs $1.20 per million).
- Shared results
- 36
- MiniMax M3 only
- 80
- Qwen3 32B only
- 9
- Like-for-like categories
- 7 of 9
Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.
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.
Coding
Vibe Coding Index, six public coding benchmarks
No call
Only MiniMax M3 has a coding score, so no call is made.
One side not measured
Intelligence
AA Intelligence Index
MiniMax M3
MiniMax M3 leads, 29.2 against 7.3.
Same board, both measured
Agentic work
AA Agentic Index
No call
Only MiniMax M3 has a AA Agentic Index result, 29.5.
Directional only
Reasoning
GPQA Diamond
No call
Only MiniMax M3 has a GPQA Diamond result, 92.7%.
Directional only
Knowledge
MMLU Pro
No call
Only MiniMax M3 has a MMLU Pro result, 84.2%.
Directional only
Web design
Design Arena: websites
No call
Only MiniMax M3 has a Design Arena: websites result, 1257.
Directional only
Long documents
Listed context window
MiniMax M3
MiniMax M3 takes 1.05M tokens against 131K.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
Qwen3 32B
MiniMax M3 $0.0009, Qwen3 32B $0.0003 per turn.
List prices
Cost per solved task
One SWE-bench Verified task, solved
No call
Only MiniMax M3 has the number, $0.56.
Directional only
At a glance
- Coding index
- MiniMax M3 39.2 from 6 benchmarks, Qwen3 32B not benchmarked.
- Widest category
- Agentic work, 59.1 points apart on average over 1 shared benchmark.
- Widest single gap
- Long context reasoning (AA-LCR): MiniMax M3 83.0% against Qwen3 32B 0.0%, 83.0 points apart on a 0 to 100 scale.
- Output price
- MiniMax M3 $1.20 against Qwen3 32B $0.40 per million output tokens, 3.0x apart.
- Context window
- MiniMax M3 takes 1.05M tokens, Qwen3 32B 131K.
Benchmark by benchmark
First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.
| Category | MiniMax M3 | Bars | Qwen3 32B | Ties |
|---|---|---|---|---|
| Coding | 4 | 0 | ||
| Intelligence | 2 | 0 | ||
| Agentic work | 1 | 0 | ||
| Reasoning | 6 | 0 | ||
| Math | 3 | 0 | ||
| Knowledge | 4 | 0 | ||
| General | 16 | 0 | ||
| All shared boards | 36 | 0 |
CodingLike-for-likeSix of these boards feed the Vibe Coding Index40
| Benchmark | MiniMax M3 | Qwen3 32B | Leader |
|---|---|---|---|
| Aider polyglot | Not measured | 40.0% | Only Qwen3 32B measured |
| LiveBench coding | 70.9% | Not measured | Only MiniMax M3 measured |
| LMArena WebDev | 1482 | Not measured | Only MiniMax M3 measured |
| AA Coding Index | 58.6 | Not measured | Only MiniMax M3 measured |
| LiveCodeBench (Vals AI) | 82.2% | Not measured | Only MiniMax M3 measured |
| SWE-bench Verified (Vals AI) | 75.0% | Not measured | Only MiniMax M3 measured |
| Terminal-Bench 4 (Vals AI) | 1.0% | Not measured | Only MiniMax M3 measured |
| Vibe Code Bench (Vals AI) | 47.6% | Not measured | Only MiniMax M3 measured |
| Code migration (Vals AI) | 19.9% | Not measured | Only MiniMax M3 measured |
| Terminal-Bench 2.1 (Vals AI) | 53.6% | Not measured | Only MiniMax M3 measured |
| SWE-bench Multimodal (Vals AI) | 33.3% | Not measured | Only MiniMax M3 measured |
| Vibe Code Bench 1-100 (Vals AI) | 9.2% | Not measured | Only MiniMax M3 measured |
| SkillsBench (Vals AI) | 51.5% | Not measured | Only MiniMax M3 measured |
| CyberBench (Vals AI) | 65.0% | Not measured | Only MiniMax M3 measured |
| LiveCodeBench (Artificial Analysis run) | Not measured | 54.6% | Only Qwen3 32B measured |
| SciCode | 47.1% | 36.0% | MiniMax M3 |
| Terminal-Bench Hard (Artificial Analysis run) | 42.4% | 3.0% | MiniMax M3 |
| FrontierCode | 14.7% | Not measured | Only MiniMax M3 measured |
| ALE-Bench | 640.0 | Not measured | Only MiniMax M3 measured |
| LMArena Text: coding | 1470 | 1357 | MiniMax M3 |
| LMArena Text: software and IT | 1466 | 1366 | MiniMax M3 |
| LMArena WebDev: React | 1478 | Not measured | Only MiniMax M3 measured |
| LMArena WebDev: HTML | 1455 | Not measured | Only MiniMax M3 measured |
| LMArena WebDev: from an image | 1470 | Not measured | Only MiniMax M3 measured |
| Neither model has a result on the other 15 boards here | |||
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index20
| Benchmark | MiniMax M3 | Qwen3 32B | Leader |
|---|---|---|---|
| AA Intelligence Index | 29.2 | 7.3 | MiniMax M3 |
| Epoch Capabilities Index | 146.9 | 138.4 | MiniMax M3 |
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | MiniMax M3 | Qwen3 32B | Leader |
|---|---|---|---|
| AA Agentic Index | 29.5 | Not measured | Only MiniMax M3 measured |
| Design Arena: agents building web apps | 1200 | Not measured | Only MiniMax M3 measured |
| Design Arena: agents building full-stack apps | 1197 | Not measured | Only MiniMax M3 measured |
| Design Arena: agents building mobile apps | 1169 | Not measured | Only MiniMax M3 measured |
| Design Arena: agents building Android apps | 1159 | Not measured | Only MiniMax M3 measured |
| Design Arena: agents building games | 1159 | Not measured | Only MiniMax M3 measured |
| Design Arena: HTML slides | 1130 | Not measured | Only MiniMax M3 measured |
| Design Arena: PowerPoint slides | 1181 | Not measured | Only MiniMax M3 measured |
| Design Arena: spreadsheets | 1039 | Not measured | Only MiniMax M3 measured |
| LiveBench research | 68.0% | Not measured | Only MiniMax M3 measured |
| LiveBench browser | 8.0% | Not measured | Only MiniMax M3 measured |
| LiveBench long agentic | 12.4% | Not measured | Only MiniMax M3 measured |
| Finance Agent (Vals AI) | 48.3% | Not measured | Only MiniMax M3 measured |
| Tax Agent Bench (Vals AI) | 20.6% | Not measured | Only MiniMax M3 measured |
| Legal Research Bench (Vals AI) | 29.8% | Not measured | Only MiniMax M3 measured |
| Excel Modeling Benchmark (Vals AI) | 47.8% | Not measured | Only MiniMax M3 measured |
| τ²-Bench Telecom | 88.9% | 29.8% | MiniMax M3 |
| APEX-Agents | 37.7% | Not measured | Only MiniMax M3 measured |
| OSWorld 2.0 | 4.6% | Not measured | Only MiniMax M3 measured |
| Vending-Bench 2 | $2,158 | Not measured | Only MiniMax M3 measured |
| Berkeley Function Calling Leaderboard (BFCL) | Not measured | 48.7% | Only Qwen3 32B measured |
| BrowseComp-Plus | Not measured | 10.7% | Only Qwen3 32B measured |
| Neither model has a result on the other 19 boards here | |||
ReasoningLike-for-likePublic boards, shown as published, kept out of the index60
| Benchmark | MiniMax M3 | Qwen3 32B | Leader |
|---|---|---|---|
| GPQA Diamond | 92.7% | Not measured | Only MiniMax M3 measured |
| LiveBench reasoning | 74.5% | Not measured | Only MiniMax M3 measured |
| MMMU Pro (Vals AI) | 81.2% | Not measured | Only MiniMax M3 measured |
| GPQA Diamond (Artificial Analysis run) | 92.9% | 66.8% | MiniMax M3 |
| Humanity's Last Exam (Artificial Analysis run) | 39.0% | 7.4% | MiniMax M3 |
| GPQA Diamond (Epoch AI run) | 90.9% | 65.7% | MiniMax M3 |
| SimpleBench | 45.8% | Not measured | Only MiniMax M3 measured |
| Chess puzzles | 13.0% | Not measured | Only MiniMax M3 measured |
| Mystery game puzzles | 8.0% | Not measured | Only MiniMax M3 measured |
| LMArena Text: hard prompts | 1447 | 1334 | MiniMax M3 |
| LMArena Text: expert | 1461 | 1362 | MiniMax M3 |
| LMArena Text: hard prompts in English | 1455 | 1350 | MiniMax M3 |
| LMArena Vision: diagrams | 1266 | Not measured | Only MiniMax M3 measured |
| LMArena Vision: homework | 1268 | Not measured | Only MiniMax M3 measured |
| Kagi LLM Benchmark | Not measured | 48.7% | Only Qwen3 32B measured |
| Neither model has a result on the other 7 boards here | |||
MathLike-for-likePublic boards, shown as published, kept out of the index30
| Benchmark | MiniMax M3 | Qwen3 32B | Leader |
|---|---|---|---|
| AA Math Index | Not measured | 73.0 | Only Qwen3 32B measured |
| AIME 2025 (Artificial Analysis run) | Not measured | 73.0% | Only Qwen3 32B measured |
| OTIS Mock AIME | 71.1% | 66.9% | MiniMax M3 |
| ProofBench | 18.0% | Not measured | Only MiniMax M3 measured |
| LMArena Text: math | 1429 | 1399 | MiniMax M3 |
| LMArena Text: mathematical work | 1448 | 1420 | MiniMax M3 |
| Neither model has a result on the other 7 boards here | |||
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index40
| Benchmark | MiniMax M3 | Qwen3 32B | Leader |
|---|---|---|---|
| MMLU Pro | 84.2% | Not measured | Only MiniMax M3 measured |
| LegalBench (Vals AI) | 85.4% | Not measured | Only MiniMax M3 measured |
| CorpFin (Vals AI) | 68.1% | Not measured | Only MiniMax M3 measured |
| TaxEval (Vals AI) | 72.7% | Not measured | Only MiniMax M3 measured |
| MortgageTax (Vals AI) | 68.4% | Not measured | Only MiniMax M3 measured |
| MedCode (Vals AI) | 46.3% | Not measured | Only MiniMax M3 measured |
| MMLU Pro (Artificial Analysis run) | Not measured | 79.8% | Only Qwen3 32B measured |
| LMArena Text: science | 1452 | 1372 | MiniMax M3 |
| LMArena Text: medicine and healthcare | 1441 | 1368 | MiniMax M3 |
| LMArena Text: legal and government | 1437 | 1324 | MiniMax M3 |
| LMArena Text: business and finance | 1434 | 1318 | MiniMax M3 |
| Neither model has a result on the other 7 boards here | |||
Web designDirectional onlyPublic boards, shown as published, kept out of the index9 boards, none shared
| Benchmark | MiniMax M3 | Qwen3 32B | Leader |
|---|---|---|---|
| Design Arena: websites | 1257 | Not measured | Only MiniMax M3 measured |
| Design Arena: UI components | 1243 | Not measured | Only MiniMax M3 measured |
| Design Arena: game dev | 1211 | Not measured | Only MiniMax M3 measured |
| Design Arena: data viz | 1236 | Not measured | Only MiniMax M3 measured |
| Design Arena: 3D | 1208 | Not measured | Only MiniMax M3 measured |
| Design Arena: all code categories | 1246 | Not measured | Only MiniMax M3 measured |
| Design Arena: SVG | 1160 | Not measured | Only MiniMax M3 measured |
| Design Arena: ASCII art | 1161 | Not measured | Only MiniMax M3 measured |
| LiveBench design | 66.2% | Not measured | Only MiniMax M3 measured |
GeneralLike-for-likePublic boards, shown as published, kept out of the index160
| Benchmark | MiniMax M3 | Qwen3 32B | Leader |
|---|---|---|---|
| LiveBench data analysis | 76.2% | Not measured | Only MiniMax M3 measured |
| Public Benefits Bench (Vals AI) | 64.1% | Not measured | Only MiniMax M3 measured |
| SAGE (Vals AI) | 50.6% | Not measured | Only MiniMax M3 measured |
| MedScribe (Vals AI) | 87.3% | Not measured | Only MiniMax M3 measured |
| Vals Multimodal Index | 60.0% | Not measured | Only MiniMax M3 measured |
| IFBench | 82.9% | 36.3% | MiniMax M3 |
| Long context reasoning (AA-LCR) | 83.0% | 0.0% | MiniMax M3 |
| DTBench | 78.9% | 67.5% | MiniMax M3 |
| LMCA | 33.7% | 17.3% | MiniMax M3 |
| Fiction.LiveBench | Not measured | 74.2% | Only Qwen3 32B measured |
| Surface Evolver Bench | 55.0% | Not measured | Only MiniMax M3 measured |
| LMArena Text | 1433 | 1340 | MiniMax M3 |
| LMArena Text: instruction following | 1433 | 1305 | MiniMax M3 |
| LMArena Text: creative writing | 1404 | 1297 | MiniMax M3 |
| LMArena Vision | 1251 | Not measured | Only MiniMax M3 measured |
| LMArena Text: English | 1443 | 1359 | MiniMax M3 |
| LMArena Text: non-English | 1420 | 1317 | MiniMax M3 |
| LMArena Text: Chinese | 1466 | 1357 | MiniMax M3 |
| LMArena Text: German | 1428 | 1341 | MiniMax M3 |
| LMArena Text: Japanese | 1380 | Not measured | Only MiniMax M3 measured |
| LMArena Text: Korean | 1373 | Not measured | Only MiniMax M3 measured |
| LMArena Text: French | 1444 | Not measured | Only MiniMax M3 measured |
| LMArena Text: Spanish | 1433 | Not measured | Only MiniMax M3 measured |
| LMArena Text: Russian | 1426 | 1311 | MiniMax M3 |
| LMArena Text: Polish | 1423 | Not measured | Only MiniMax M3 measured |
| LMArena Text: multi-turn | 1443 | 1331 | MiniMax M3 |
| LMArena Text: longer queries | 1446 | 1327 | MiniMax M3 |
| LMArena Text: writing and language | 1419 | 1298 | MiniMax M3 |
| LMArena Text: entertainment and media | 1403 | 1279 | MiniMax M3 |
| LMArena Vision: English | 1263 | Not measured | Only MiniMax M3 measured |
| LMArena Vision: Chinese | 1311 | Not measured | Only MiniMax M3 measured |
| LMArena Vision: reading text | 1259 | Not measured | Only MiniMax M3 measured |
| LMArena Vision: humor | 1235 | Not measured | Only MiniMax M3 measured |
| LMArena Vision: recognizing things | 1197 | Not measured | Only MiniMax M3 measured |
| LMArena Vision: creative writing | 1234 | Not measured | Only MiniMax M3 measured |
| LMArena Document | 1435 | Not measured | Only MiniMax M3 measured |
| Neither model has a result on the other 10 boards here | |||
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
| Benchmark | MiniMax M3 | Qwen3 32B | Leader |
|---|---|---|---|
| Neither model has a result on 5 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
Qwen3 32B costs less
Repository review
50K input + 3K output tokens
Qwen3 32B costs less
Agent loop
200K input + 10K output tokens
Qwen3 32B 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.
| Specification | MiniMax M3 | Qwen3 32B |
|---|---|---|
| Maker | MiniMax | Qwen |
| Weights | Open weights | Open weights |
| Released | May 31, 2026 | April 28, 2025 |
| Context window | 1.05M | 131K |
| Input $/Mtok | $0.30 | $0.14 |
| Output $/Mtok | $1.20 | $0.40 |
| Coding index | 39.2 | Not benchmarked |
| Independent measurements behind it | 6 | 0 |
| Cost per solved task | $0.56 | Not computable |
| Source | OpenRouter listing | OpenRouter listing |
Questions
Is MiniMax M3 better than Qwen3 32B for coding?
Only MiniMax M3 has a coding score, 39.2 on the Vibe Coding Index; Qwen3 32B has none, so the two cannot be ranked on coding. Pick Qwen3 32B for output tokens 3.0x cheaper ($0.40 vs $1.20 per million).
Which is cheaper, MiniMax M3 or Qwen3 32B?
MiniMax M3 costs $0.30 per million input tokens and $1.20 per million output tokens; Qwen3 32B costs $0.14 and $0.40. Cost per solved task is known for MiniMax M3 only.
Which has the bigger context window, MiniMax M3 or Qwen3 32B?
MiniMax M3, with 1.05M tokens against 131K.
How many benchmarks is the MiniMax M3 vs Qwen3 32B comparison based on?
36 benchmarks have a result for both models as of October 22, 2026. MiniMax M3's coding index rests on 6 independent benchmarks and Qwen3 32B's on 0. Where only one model has a result, the page says so instead of naming a winner.