Side-by-side comparison of pricing, 12 benchmarks, and generation speed.
| Metric | Step 3.5 Flash 2603 | MiMo-V2-Flash (Reasoning) |
|---|---|---|
| Input ($/M tokens) | $0.1 | $0.1 |
| Output ($/M tokens) | $0.3 | $0.3 |
Verdict. MiMo-V2-Flash (Reasoning) takes the aggregate benchmark matchup 1–0 across 1 categories. Real workloads usually care about a handful of specific tasks — see the per-benchmark table above.
Pricing. Both models sit in the budget bracket for output-token pricing. At 1.0× the per-million-token cost, MiMo-V2-Flash (Reasoning) is meaningfully cheaper if your traffic is output-heavy (long completions, document generation, agent loops). MiMo-V2-Flash (Reasoning) makes more sense when output volume is low and absolute reasoning quality justifies the premium.
Strengths. Step 3.5 Flash 2603 is strongest on Intelligence Index (26.5). MiMo-V2-Flash (Reasoning) leads on Intelligence Index (31.9).
Speed. Speed data is incomplete for this pair; benchmark and price should decide.
Provider. StepFun and Xiaomi sell to overlapping but distinct developer audiences: StepFun tends to ship frontier reasoning models with premium positioning, while Xiaomi often prices more aggressively. Your existing vendor relationships, billing, and SLA preferences may matter as much as the raw numbers above.
Workload cost. Workload scenarios (per million requests at 30M input + 15M output tokens): Step 3.5 Flash 2603 costs $7.50 ($90/year); MiMo-V2-Flash (Reasoning) costs $7.50 ($90/year). At a smaller 5M-input/2M-output scale (single-developer tool or prototype): Step 3.5 Flash 2603 ≈ $1.10/run, MiMo-V2-Flash (Reasoning) ≈ $1.10/run. At agent/realtime scale (200M input / 100M output per million requests): Step 3.5 Flash 2603 ≈ $50/run, MiMo-V2-Flash (Reasoning) ≈ $50/run.
Recommendation. Both models have legitimate use cases — the right answer depends on whether you are optimizing for benchmark ceiling, latency, or unit cost. Start with the cheaper / faster model, evaluate against your specific task, and only switch if the upgrade shows a meaningful lift.
Data from Artificial Analysis API — 12 benchmarks
Both models have similar pricing. Check the detailed breakdown above for input vs output token costs.
MiMo-V2-Flash (Reasoning) wins 1 out of 12 benchmarks compared to 0 for Step 3.5 Flash 2603. See the detailed benchmark chart above for per-category results.
Step 3.5 Flash 2603 generates tokens faster at 205 tok/s vs — tok/s. Step 3.5 Flash 2603 also has lower time-to-first-token (1.06s vs —s).
Choose based on your priorities: both are similarly priced, MiMo-V2-Flash (Reasoning) for stronger benchmark performance, and Step 3.5 Flash 2603 for faster generation. For latency-sensitive apps, check the TTFT comparison above.