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Model comparison

GPT-5.3-Codex vs MiniMax M3

OpenAI against MiniMax, compared on context, price, and verified benchmark results.

Catalog record checked September 5, 2026Individual provider fields may changeEvidence confidence: Medium — see receipts below

OpenAI

GPT-5.3-Codex

Frontier

vs

MiniMax

MiniMax M3

Frontier · Open weights

AI model capability comparison
SpecificationGPT-5.3-CodexMiniMax M3
ProviderOpenAIMiniMax
TierFrontierFrontier
Context window400KWinner: 1M
Max output128KNot verifiedUnverified
Input / 1M tokens$1.75Winner: $0.30
Output / 1M tokens$14Winner: $1.20
WeightsClosedOpen
ParametersNot disclosedUnverified428B total / 23B active (MoE)
Reasoning levelsnone, low, medium, high, xhigh, maxlow, high, max
Modalitiestext, imagetext, image, video
API model idgpt-5.3-codexminimax-m3
ReleasedFebruary 5, 2026June 1, 2026
Artificial Analysis Intelligence Index [high] (2026-08-14)52Not verifiedUnverified
Artificial Analysis Intelligence Index (2026-08-14)Not verifiedUnverified51
Terminal-Bench 2.1 (2026-06-01)Not verifiedUnverified66

Prices are USD per million tokens at standard rates, excluding batch and caching discounts. Bold indicates the better figure where one is objectively better. Values we could not confirm from the provider are shown as “Not verified” rather than estimated.

Benchmark receipts

  • 2026-08-14: Artificial AnalysisComposite index blending reasoning, knowledge, and coding evals into one 0–100 score. Comparability: directly comparable — AA occasionally rebaselines the index scale between snapshots — a score captured on one date is only comparable to same-snapshot scores (check measuredAt).
  • 2026-06-01: MiniMax blog (vendor, Terminus 2 scaffolding, 2h timeout)Agentic terminal work: multi-step tasks executed in a sandboxed shell environment. Comparability: comparable with caveat — Scores across Terminal-Bench major versions (v1 vs v2) are NOT comparable; harness configuration (container, time limits) also shifts results.

Pricing tiers: GPT-5.3-Codex: Standard $1.75/$14 per MTok; cached input $0.175/MTok; Fast mode $3.50/$28. Purpose-built for the Codex agent. · MiniMax M3: $0.30/$1.20 per MTok; open (community license). 428B/23B active MoE, native multimodal. Rate is the ≤512K-prompt tier; higher above.

FrontierRecord checked September 3, 2026

GPT-5.3-Codex

GPT-5.3-Codex is OpenAI's coding-specialised model powering the Codex agent at $1.75/$14.

Best for

  • Autonomous coding
  • Repo-scale refactors
  • Test generation

Watch out

Tuned for coding, not general chat; use GPT-5.6 for broad reasoning.

FrontierOpen weightsRecord checked September 5, 2026

MiniMax M3

MiniMax M3 is an open-weight (community license) 428B MoE with native multimodal and 1M context.

Best for

  • Open-weight deployments
  • Multimodal
  • Long-context

Watch out

Community license, not fully open; verify terms.

When the cheaper one wins

MiniMax M3 is cheaper on output at $1.20 per million tokens against $14 for GPT-5.3-Codex — about 12×. Use the cheaper tier for classification, extraction, summarisation, and any task where the expensive model’s extra score does not change the accepted output. The expensive one only pays if your hardest task actually fails on the cheap tier. These are standard-tier API rates, excluding batch and cache discounts.

Run the model picker

Evidence confidence: Medium

How strong and complete the evidence behind this comparison is — not a prediction of which model is better.

  • Pricing verified on both sidesInput and output rates are verified for both models.
  • 3/5 core specs verified on both sidesNot published for at least one side: max output, parameter count.
  • 1 shared named benchmark (scores match)Measured on: Artificial Analysis Intelligence Index — scores are equivalent, so the benchmark does not separate the pair.
  • Verified within the last 90 daysNewest catalog check was 6 days ago.
  • Both models carry source citationsEach side has at least two catalog sources on record.

Source receipts

Each catalog figure was checked against the provider or an independent second source on the date shown.

Common questions

GPT-5.3-Codex vs MiniMax M3

Answered from the verified figures on this page rather than general guidance.

Is GPT-5.3-Codex or MiniMax M3 cheaper for input?

MiniMax M3 is cheaper at $0.30 per million input tokens, against $1.75 for GPT-5.3-Codex — roughly 5.8× the price. Output tokens usually dominate a real bill, so weigh the output rate more heavily than the input rate. These are base rates; GPT-5.3-Codex has tiered pricing: Standard $1.75/$14 per MTok; cached input $0.175/MTok; Fast mode $3.50/$28. Purpose-built for the Codex agent. MiniMax M3 has tiered pricing: $0.30/$1.20 per MTok; open (community license). 428B/23B active MoE, native multimodal. Rate is the ≤512K-prompt tier; higher above.

Is GPT-5.3-Codex or MiniMax M3 cheaper for output?

MiniMax M3 is cheaper at $1.20 per million output tokens, against $14 for GPT-5.3-Codex — roughly 12× the price. Output tokens usually dominate a real bill, so weigh the output rate more heavily than the input rate. These are base rates; GPT-5.3-Codex has tiered pricing: Standard $1.75/$14 per MTok; cached input $0.175/MTok; Fast mode $3.50/$28. Purpose-built for the Codex agent. MiniMax M3 has tiered pricing: $0.30/$1.20 per MTok; open (community license). 428B/23B active MoE, native multimodal. Rate is the ≤512K-prompt tier; higher above.

Which has the larger context window, GPT-5.3-Codex or MiniMax M3?

MiniMax M3 accepts 1M tokens against 400K for GPT-5.3-Codex. This only matters if you routinely send very long documents or large codebases.

Do GPT-5.3-Codex and MiniMax M3 support the same reasoning levels?

GPT-5.3-Codex exposes none, low, medium, high, xhigh, max, while MiniMax M3 exposes low, high, max.

Should I use GPT-5.3-Codex or MiniMax M3?

Both sit in the frontier tier, so the choice usually comes down to price and context rather than capability. GPT-5.3-Codex suits autonomous coding; MiniMax M3 suits open-weight deployments.

Can I self-host GPT-5.3-Codex or MiniMax M3?

MiniMax M3 publishes open weights, but self-hosting and third-party provider access depend on the licence, hardware, serving support, and availability. GPT-5.3-Codex is a closed model whose supported access paths are controlled by its provider.

Next step

Choosing between them

The verified figures that separate this pair, computed from the catalog rather than restated boilerplate.

  • Input price: MiniMax M3 costs $0.30 per 1M tokens versus $1.75 for GPT-5.3-Codex — a 5.8x difference at the headline tier.
  • Context: MiniMax M3 takes 1M against 400K for GPT-5.3-Codex — only decisive if your prompts approach the smaller window.
  • Measured capability: GPT-5.3-Codex leads Artificial Analysis Intelligence Index 52 to 51 (measured 2026-08-14).
  • Deployment: MiniMax M3 publishes weights you can self-host; the other is API-only.

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