Hy4 preview vs MiniMax M2.5

Price, context window & benchmark comparison

Tencent

Hy4 preview

Tencent
$0.83 / $2.50
Input / Output · per 1M tokens
VS
MiniMax

MiniMax M2.5

MiniMax
$0.27 / $1.08
Input / Output · per 1M tokens
Compare different models
Tencent
MiniMax
Verdict: MiniMax M2.5 is 2.6× cheaper than Hy4 preview on a typical 3:1 input/output mix. Hy4 preview has the larger context window (1M vs 205K).
Hy4 previewMiniMax M2.5
Input price / 1M$0.83$0.27
Output price / 1M$2.50$1.08
Blended price (3:1)$1.25$0.47
Cached input / 1M$0.042$0.027
Context window1M205K
Max output64K128K
Intelligence index
Coding index
Providers38
Best provider uptime (30m)100.0%100.0%
Vision inputNoNo
ReasoningYesYes
Tool callingYesYes
Released2026-08-282026-02-12
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FAQ

Which is cheaper, Hy4 preview or MiniMax M2.5?

MiniMax M2.5 is 2.6× cheaper than Hy4 preview on a typical 3:1 input/output mix.

Hy4 preview vs MiniMax M2.5: which has a bigger context window?

Hy4 preview: 1,048,576 tokens. MiniMax M2.5: 204,800 tokens.

How much would 1 million requests cost?

At 2,000 input + 500 output tokens per request: Hy4 preview ≈ $2,919, MiniMax M2.5 ≈ $1,080.

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