Hy4 vs MiniMax M1

Price, context window & benchmark comparison

Tencent

Hy4

Tencent
$0.42 / $1.25
Input / Output · per 1M tokens
VS
MiniMax

MiniMax M1

MiniMax
$0.55 / $2.20
Input / Output · per 1M tokens
Compare different models
Tencent
MiniMax
Verdict: Hy4 is 35% cheaper than MiniMax M1 on a typical 3:1 input/output mix. Hy4 has the larger context window (1M vs 1M).
Hy4MiniMax M1
Input price / 1M$0.42$0.55
Output price / 1M$1.25$2.20
Blended price (3:1)$0.63$0.96
Cached input / 1M$0.021—
Context window1M1M
Max output66K40K
Intelligence index34.6—
Coding index——
Providers1—
Best provider uptime (30m)100.0%—
Vision inputYesNo
ReasoningYesYes
Tool callingYesYes
Released2026-11-042025-06-17
Retirement——

Cost calculator

FAQ

Which is cheaper, Hy4 or MiniMax M1?

Hy4 is 35% cheaper than MiniMax M1 on a typical 3:1 input/output mix.

Hy4 vs MiniMax M1: which has a bigger context window?

Hy4: 1,048,576 tokens. MiniMax M1: 1,000,000 tokens.

How much would 1 million requests cost?

At 2,000 input + 500 output tokens per request: Hy4 ≈ $1,459, MiniMax M1 ≈ $2,200.

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