Hy4 preview vs MiniMax M3

Price, context window & benchmark comparison

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Hy4 preview

Tencent
$0.83 / $2.50
Input / Output · per 1M tokens
VS
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MiniMax M3

MiniMax
$0.30 / $1.20
Input / Output · per 1M tokens
Compare different models
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Verdict: MiniMax M3 is 2.4× cheaper than Hy4 preview on a typical 3:1 input/output mix.
Hy4 previewMiniMax M3
Input price / 1M$0.83$0.30
Output price / 1M$2.50$1.20
Blended price (3:1)$1.25$0.52
Cached input / 1M$0.042$0.06
Context window1M1M
Max output64K512K
Intelligence index29.2
Coding index58.6
Providers313
Best provider uptime (30m)100.0%100.0%
Vision inputNoYes
ReasoningYesYes
Tool callingYesYes
Released2026-08-282026-05-31
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FAQ

Which is cheaper, Hy4 preview or MiniMax M3?

MiniMax M3 is 2.4× cheaper than Hy4 preview on a typical 3:1 input/output mix.

Hy4 preview vs MiniMax M3: which has a bigger context window?

Hy4 preview: 1,048,576 tokens. MiniMax M3: 1,048,576 tokens.

How much would 1 million requests cost?

At 2,000 input + 500 output tokens per request: Hy4 preview ≈ $2,919, MiniMax M3 ≈ $1,200.

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