Hy3 (free) is free for input tokens while MoonshotAI Kimi Latest costs $2.6 per 1M tokens.
API cost decision in 10 seconds
Hy3 (free) vs MoonshotAI Kimi Latest
Pick Hy3 (free) for lower cost; pick MoonshotAI Kimi Latest only if the larger context window matters more.
Page updated:
Data confirmed:
Prices normalized to USD per 1M tokens
Sample workload: 1M input + 500K output
Budget verdict
Pick Hy3 (free) for lower cost; pick MoonshotAI Kimi Latest only if the larger context window matters more.
On the standard 1M input plus 500K output workload, Hy3 (free) is estimated at $0 vs $9.1 for MoonshotAI Kimi Latest, saving $9.1 (100% lower).
Cost-first pickHy3 (free)
Context-first pickMoonshotAI Kimi Latest
Sample savings$9.1100%
10x traffic gap$91
MoonshotAI Kimi Latest has more context, but Hy3 (free) saves $9.1 on the standard workload. At 10x that traffic, the same price gap is about $91. Use the calculator below to replace the sample workload with your own token volume.
Cost sensitivity
Workload Sensitivity
Hy3 (free) stays cheaper across input-heavy, balanced, and output-heavy sample workloads.
| Workload shape | Token mix | Better pick | Hy3 (free) | MoonshotAI Kimi Latest |
|---|---|---|---|---|
| Input-heavy / RAG | 5M input + 500K output | Hy3 (free) | $0 | $19.5 |
| Balanced workload | 1M input + 1M output | Hy3 (free) | $0 | $15.6 |
| Output-heavy chatbot | 1M input + 5M output | Hy3 (free) | $0 | $67.6 |
Hy3 (free) is free for output tokens while MoonshotAI Kimi Latest costs $13 per 1M tokens.
MoonshotAI Kimi Latest has 786.43K more context (4x larger).
Hy3 (free) is free for the standard workload while the other model is estimated at $9.1.
Estimate your workload cost
Your Workload Cost
This estimate uses normalized public API pricing per 1M tokens. It is a planning aid, not a billing quote. Verify provider pricing, limits, and terms before production use.
Quick Decision
Hy3 (free) has the lower input price; Hy3 (free) has the lower output price; MoonshotAI Kimi Latest offers the larger context window. For the 1M input plus 500K output sample, Hy3 (free) is cheaper for the standard workload.
For a 1M input token plus 500K output token workload, the estimated API cost is $0 for Hy3 (free) and $9.1 for MoonshotAI Kimi Latest.
Choose Hy3 (free) when you care most about lower input-token price, and lower output-token price.
Choose MoonshotAI Kimi Latest when you care most about larger context window.
- On the standard 1M input plus 500K output workload, Hy3 (free) is estimated at $0 vs $9.1 for MoonshotAI Kimi Latest, saving $9.1 (100% lower).
- Hy3 (free) is free for the standard workload while the other model is estimated at $9.1.
- Hy3 (free) is free for input tokens while MoonshotAI Kimi Latest costs $2.6 per 1M tokens.
- Hy3 (free) is free for output tokens while MoonshotAI Kimi Latest costs $13 per 1M tokens.
- MoonshotAI Kimi Latest has 786.43K more context (4x larger).
| Feature | Hy3 (free) (Tencent) | MoonshotAI Kimi Latest (MoonshotAI) |
|---|---|---|
| Input Price prompt tokens per 1M | $0 | $2.6 |
| Completion Price per 1M tokens | $0 | $13 |
| Sample Workload Cost 1M input + 500K output | $0 | $9.1 |
| Context Window | 262.14K | 1.05M |
| Release Date |
Use-Case Decision Matrix
| Use case | Better pick | Why |
|---|---|---|
| Budget-constrained production | Hy3 (free) | On the standard 1M input plus 500K output workload, Hy3 (free) is estimated at $0 vs $9.1 for MoonshotAI Kimi Latest, saving $9.1 (100% lower). |
| High-volume input processing | Hy3 (free) | Lower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill. |
| Long responses and chatbots | Hy3 (free) | Lower output-token price matters most when assistants generate many completion tokens. |
| RAG or long-document work | MoonshotAI Kimi Latest | A larger context window leaves more room for retrieved passages, conversation history, or source files. |
Related Alternatives
- Kimi K2.7 Code (free) can replace MoonshotAI Kimi Latest when lower sample workload cost matters most: $0.
- Kimi K2.6 (free) can replace MoonshotAI Kimi Latest when lower sample workload cost matters most: $0.
- Kimi K2.5 can replace MoonshotAI Kimi Latest when lower sample workload cost matters most: $1.57.
- Kimi K2 0711 can replace MoonshotAI Kimi Latest when lower sample workload cost matters most: $1.72.
- Grok 4.20 Multi-Agent offers 2M context with $2.5 sample workload cost.
- Grok 4.20 offers 2M context with $2.5 sample workload cost.
- DeepSeek V4 Flash 0731 offers 1.31M context with $0.17 sample workload cost.
- DeepSeek V4 Flash Latest offers 1.31M context with $0.11 sample workload cost.
- DeepSeek V4 Flash 0731 · DeepSeek · #1
- MiMo-V2.5 · Xiaomi · #2
- Hy3 · Tencent · #3
- Ox Alpha · stealth · #4
Cheaper alternatives
Review low-cost models sorted by a standard 1M input plus 500K output workload.
Open cheapest modelsLarger context alternatives
Find models with larger context windows for RAG, long documents, and codebase review.
Open largest context modelsProvider catalogs
Compare models within provider hubs before choosing a final API vendor.
Open provider hubsTencent catalog
Review all tracked Tencent models before deciding whether this matchup is the right shortlist.
Open Tencent modelsMoonshotAI catalog
Check other MoonshotAI models with comparable pricing, context, or release timing.
Open MoonshotAI modelsHy3 is a 295B-parameter Mixture-of-Experts model from Tencent (21B active, 192 experts with top-8 routing) built for reasoning, agentic workflows, and real-world production use. It supports a configurable reasoning effort:...
This model always redirects to the latest model in the MoonshotAI Kimi family.