Hy4 vs MiniMax M2
Price, context window & benchmark comparison
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Verdict: MiniMax M2 is 29% cheaper than Hy4 on a typical 3:1 input/output mix. Hy4 has the larger context window (1M vs 205K).
| Hy4 | MiniMax M2 | |
|---|---|---|
| Input price / 1M | $0.42 | $0.26 |
| Output price / 1M | $1.25 | $1.02 |
| Blended price (3:1) | $0.63 | $0.45 |
| Cached input / 1M | $0.021 | — |
| Context window | 1M | 205K |
| Max output | 66K | 131K |
| Intelligence index | 34.6 | — |
| Coding index | — | — |
| Providers | 1 | — |
| Best provider uptime (30m) | 100.0% | — |
| Vision input | Yes | No |
| Reasoning | Yes | Yes |
| Tool calling | Yes | Yes |
| Released | 2026-11-04 | 2025-10-23 |
| Retirement | — | 2026-11-05 |
Cost calculator
FAQ
Which is cheaper, Hy4 or MiniMax M2?
MiniMax M2 is 29% cheaper than Hy4 on a typical 3:1 input/output mix.
Hy4 vs MiniMax M2: which has a bigger context window?
Hy4: 1,048,576 tokens. MiniMax M2: 204,800 tokens.
How much would 1 million requests cost?
At 2,000 input + 500 output tokens per request: Hy4 ≈ $1,459, MiniMax M2 ≈ $1,020.
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