Hy4 vs MiniMax M3

Price, context window & benchmark comparison

Tencent

Hy4

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

MiniMax M3

MiniMax
$0.30 / $1.20
Input / Output · per 1M tokens
Compare different models
Tencent
MiniMax
Verdict: MiniMax M3 is 16% cheaper than Hy4 on a typical 3:1 input/output mix. Hy4 scores higher on the Artificial Analysis Intelligence Index (34.6 vs 18.9).
Hy4MiniMax M3
Input price / 1M$0.42$0.30
Output price / 1M$1.25$1.20
Blended price (3:1)$0.63$0.52
Cached input / 1M$0.021$0.06
Context window1M1M
Max output66K512K
Intelligence index34.618.9
Coding index—58.6
Providers19
Best provider uptime (30m)100.0%100.0%
Vision inputYesYes
ReasoningYesYes
Tool callingYesYes
Released2026-11-042026-05-31
Retirement——

Cost calculator

FAQ

Which is cheaper, Hy4 or MiniMax M3?

MiniMax M3 is 16% cheaper than Hy4 on a typical 3:1 input/output mix.

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

Hy4: 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 ≈ $1,459, MiniMax M3 ≈ $1,200.

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