Laguna S 2.1 vs MiMo-V2.5 vs Step 3.5 Flash 2603
MiMo-V2.5 comes out ahead, 79 to 69 and 62 on our weighted score, though Laguna S 2.1 is 29% cheaper per token.
PoolsideLaguna S 2.1
69/100- ECI—
- Price$0.10 / $0.20
- Context1.05M
- Our pick
XiaomiMiMo-V2.5
79/100- ECI—
- Price$0.14 / $0.28
- Context1.05M
StepFunStep 3.5 Flash 2603
62/100- ECI—
- Price$0.10 / $0.30
- Context256K
MiMo-V2.5 is our pick
MiMo-V2.5 is the better all-round choice, scoring 79/100 against Laguna S 2.1 (69) and Step 3.5 Flash 2603 (62). It leads on inputs & features. Laguna S 2.1 wins on price. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.
- CapabilityNot enough dataNo independent benchmark covers every model here yet
- Lowest priceLaguna S 2.1Laguna S 2.1 $0.125 · Step 3.5 Flash 2603 $0.15 · MiMo-V2.5 $0.175 per 1M tokens (3:1 blend)
- Longest contextLaguna S 2.1 and MiMo-V2.5Laguna S 2.1 1,048,576 · MiMo-V2.5 1,048,576 · Step 3.5 Flash 2603 256,000 tokens
- Widest inputsMiMo-V2.5Laguna S 2.1: Text · MiMo-V2.5: Text, Images, Audio, Video · Step 3.5 Flash 2603: Text
- Self-hostingAll open weightsEvery model here can be downloaded and run on your own hardware
| Measure | Weight | Laguna S 2.1 | MiMo-V2.5 | Step 3.5 Flash 2603 |
|---|---|---|---|---|
| Price | 50% | 93 | 86 | 89 |
| Inputs & features | 30% | 35 | 80 | 35 |
| Context window | 20% | 61 | 61 | 36 |
| Overall | 100% | 69/100 | 79/100 | 62/100 |
Left out because at least one model lacks the data: capability. The remaining weights were rescaled.
Every spec in one table
Highlighted cells lead their row. Dashes mean the data is not published.
| Specification | Laguna S 2.1Poolside | MiMo-V2.5Xiaomi | Step 3.5 Flash 2603StepFun |
|---|---|---|---|
| Capability | |||
| Capabilities Index (ECI) | — | — | — |
| ECI rank | — | — | — |
| Price per million tokens | |||
| Input | $0.10 (best) | $0.14 | $0.10 (best) |
| Output | $0.20 (best) | $0.28 | $0.30 |
| Cached input | — | $0.0028 (best) | $0.02 |
| Blended (3:1) | $0.125 (best) | $0.175 | $0.15 |
| Long-context rate | Same rate | Same rate | Same rate |
| Price source | Median of 4 providers | Official Xiaomi API | Official StepFun (Global) API |
| Limits | |||
| Context window | 1,048,576 tokens (best) | 1,048,576 tokens (best) | 256,000 tokens |
| Max output | 32,768 tokens | 131,072 tokens | 256,000 tokens (best) |
| Inputs and features | |||
| Text | Yes | Yes | Yes |
| Images | No | Yes | No |
| PDFs | No | No | No |
| Audio | No | Yes | No |
| Video | No | Yes | No |
| Reasoning | Yes | Yes | Yeslow · high |
| Tool calling | Yes | Yes | Yes |
| Structured output | No | No | No |
| Availability | |||
| Weights | Open | Open | Open |
| API model ID | poolside/laguna-s-2.1 | mimo-v2.5 | step-3.5-flash-2603 |
| API providers | 6 | 21 (best) | 3 |
| Released | Jul 21, 2026 | Apr 22, 2026 | Apr 2, 2026 |
| Knowledge cutoff | — | Dec 2024 | Jan 2025 |
What would a month cost?
Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.
- Laguna S 2.1$1.40
- MiMo-V2.5$1.96
- Step 3.5 Flash 2603$1.60
Which should you choose?
Which is better: Laguna S 2.1, MiMo-V2.5 or Step 3.5 Flash 2603?
MiMo-V2.5 is the better all-round choice, scoring 79/100 against Laguna S 2.1 (69) and Step 3.5 Flash 2603 (62). It leads on inputs & features. Laguna S 2.1 wins on price. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.
Which is cheaper, Laguna S 2.1, MiMo-V2.5 or Step 3.5 Flash 2603?
Laguna S 2.1 is cheaper at $0.10 input / $0.20 output per million tokens (median across 4 API providers; free on Poolside). Step 3.5 Flash 2603 costs $0.10 input / $0.30 output per million tokens (official StepFun (Global) API price); MiMo-V2.5 costs $0.14 input / $0.28 output per million tokens (official Xiaomi API price). At a typical mix of three input tokens to one output token, that is $0.125 per million tokens for Laguna S 2.1 versus $0.15 for Step 3.5 Flash 2603 (1.2× as much) and $0.175 for MiMo-V2.5 (1.4× as much).
Which scores higher on benchmarks?
There is no independent benchmark that covers all three models yet. Laguna S 2.1 has not been scored yet, MiMo-V2.5 has not been scored yet and Step 3.5 Flash 2603 has not been scored yet.
Which is better for coding?
There are no published SWE-bench Verified results for Laguna S 2.1, MiMo-V2.5 and Step 3.5 Flash 2603 yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. All three support tool calling for agent workflows.
Which has the bigger context window?
Laguna S 2.1 and MiMo-V2.5 have the largest context windows (1,048,576 and 1,048,576 tokens), against 256,000 for Step 3.5 Flash 2603. Maximum output per response: Laguna S 2.1 up to 32,768, MiMo-V2.5 up to 131,072, Step 3.5 Flash 2603 up to 256,000 tokens.
Which can read images, PDFs, audio or video?
Laguna S 2.1 accepts text; MiMo-V2.5 accepts text, images, audio and video; Step 3.5 Flash 2603 accepts text. MiMo-V2.5 handles the widest range of inputs.
Are any of these open source?
Yes, all three publish their weights, so you can self-host them.
Which is newer?
Laguna S 2.1 is the newest, released Jul 21, 2026. MiMo-V2.5 came out Apr 22, 2026; Step 3.5 Flash 2603 came out Apr 2, 2026. Knowledge cutoff: MiMo-V2.5 Dec 2024, Step 3.5 Flash 2603 Jan 2025.
How do you decide the winner?
Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Oct 4, 2026.
