MiniMax M3 (batch) is $4.7 cheaper per 1M input tokens (94% lower; 16.7x difference).
API cost decision in 10 seconds
Fugu Ultra vs MiniMax M3 (batch)
Pick MiniMax M3 (batch) for lower cost; pick Fugu Ultra only if the larger context window matters more.
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Data confirmed:
Prices normalized to USD per 1M tokens
Sample workload: 1M input + 500K output
Budget verdict
Pick MiniMax M3 (batch) for lower cost; pick Fugu Ultra only if the larger context window matters more.
On the standard 1M input plus 500K output workload, MiniMax M3 (batch) is estimated at $0.9 vs $20 for Fugu Ultra, saving $19.1 (95.5% lower).
Cost-first pickMiniMax M3 (batch)
Context-first pickFugu Ultra
Sample savings$19.195.5%
10x traffic gap$191
Fugu Ultra has more context, but MiniMax M3 (batch) saves $19.1 on the standard workload. At 10x that traffic, the same price gap is about $191. Use the calculator below to replace the sample workload with your own token volume.
Cost sensitivity
Workload Sensitivity
MiniMax M3 (batch) stays cheaper across input-heavy, balanced, and output-heavy sample workloads.
| Workload shape | Token mix | Better pick | Fugu Ultra | MiniMax M3 (batch) |
|---|---|---|---|---|
| Input-heavy / RAG | 5M input + 500K output | MiniMax M3 (batch) | $40 | $2.1 |
| Balanced workload | 1M input + 1M output | MiniMax M3 (batch) | $35 | $1.5 |
| Output-heavy chatbot | 1M input + 5M output | MiniMax M3 (batch) | $155 | $6.3 |
MiniMax M3 (batch) is $28.8 cheaper per 1M output tokens (96% lower; 25x difference).
Fugu Ultra has 475.71K more context (1.91x larger).
MiniMax M3 (batch) is $19.1 cheaper on the standard workload (95.5% lower).
Estimate your workload cost
Your Workload Cost
This estimate uses normalized public API pricing per 1M tokens. It is a planning aid, not a billing quote. Verify provider pricing, limits, and terms before production use.
Quick Decision
MiniMax M3 (batch) has the lower input price; MiniMax M3 (batch) has the lower output price; Fugu Ultra offers the larger context window. For the 1M input plus 500K output sample, MiniMax M3 (batch) is cheaper for the standard workload.
For a 1M input token plus 500K output token workload, the estimated API cost is $20 for Fugu Ultra and $0.9 for MiniMax M3 (batch).
Choose Fugu Ultra when you care most about larger context window.
Choose MiniMax M3 (batch) when you care most about lower input-token price, and lower output-token price.
- On the standard 1M input plus 500K output workload, MiniMax M3 (batch) is estimated at $0.9 vs $20 for Fugu Ultra, saving $19.1 (95.5% lower).
- MiniMax M3 (batch) is $19.1 cheaper on the standard workload (95.5% lower).
- MiniMax M3 (batch) is $4.7 cheaper per 1M input tokens (94% lower; 16.7x difference).
- MiniMax M3 (batch) is $28.8 cheaper per 1M output tokens (96% lower; 25x difference).
- Fugu Ultra has 475.71K more context (1.91x larger).
| Feature | Fugu Ultra (Sakana) | MiniMax M3 (batch) (MiniMax) |
|---|---|---|
| Input Price prompt tokens per 1M | $5 | $0.3 |
| Completion Price per 1M tokens | $30 | $1.2 |
| Sample Workload Cost 1M input + 500K output | $20 | $0.9 |
| Context Window | 1M | 524.29K |
| Release Date |
Use-Case Decision Matrix
| Use case | Better pick | Why |
|---|---|---|
| Budget-constrained production | MiniMax M3 (batch) | On the standard 1M input plus 500K output workload, MiniMax M3 (batch) is estimated at $0.9 vs $20 for Fugu Ultra, saving $19.1 (95.5% lower). |
| High-volume input processing | MiniMax M3 (batch) | Lower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill. |
| Long responses and chatbots | MiniMax M3 (batch) | Lower output-token price matters most when assistants generate many completion tokens. |
| RAG or long-document work | Fugu Ultra | A larger context window leaves more room for retrieved passages, conversation history, or source files. |
Related Alternatives
- Sakana Namazu can replace Fugu Ultra when lower sample workload cost matters most: $2.95.
- MiniMax M2.5 (free) can replace MiniMax M3 (batch) when lower sample workload cost matters most: $0.
- MiniMax-01 can replace MiniMax M3 (batch) when lower sample workload cost matters most: $0.75.
- MiniMax M2 can replace MiniMax M3 (batch) when lower sample workload cost matters most: $0.77.
- Grok 4.20 Multi-Agent offers 2M context with $2.5 sample workload cost.
- Grok 4.20 offers 2M context with $2.5 sample workload cost.
- DeepSeek V4 Flash 0731 offers 1.31M context with $0.17 sample workload cost.
- DeepSeek V4 Flash Latest offers 1.31M context with $0.11 sample workload cost.
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