API cost decision in 10 seconds

🔥Hy3 preview vs Phi 4

Pick Phi 4 for lower cost; pick Hy3 preview 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 Phi 4 for lower cost; pick Hy3 preview only if the larger context window matters more.

On the standard 1M input plus 500K output workload, Phi 4 is estimated at $0.14 vs $0.17 for Hy3 preview, saving $0.03 (19.6% lower).

Cost-first pickPhi 4
Context-first pickHy3 preview
Sample savings$0.0319.6%
10x traffic gap$0.33

Hy3 preview has more context, but Phi 4 saves $0.03 on the standard workload. At 10x that traffic, the same price gap is about $0.33. Use the calculator below to replace the sample workload with your own token volume.

Cost sensitivity

Workload Sensitivity

Same prices, different token mixes.

Phi 4 stays cheaper across input-heavy, balanced, and output-heavy sample workloads.

Workload shapeToken mixBetter pickHy3 previewPhi 4
Input-heavy / RAG5M input + 500K outputPhi 4$0.42$0.4
Balanced workload1M input + 1M outputPhi 4$0.27$0.21
Output-heavy chatbot1M input + 5M outputPhi 4$1.11$0.77
Cheaper input Hy3 preview $0.063 vs $0.065 / 1M

Hy3 preview is $0.002 cheaper per 1M input tokens (3.1% lower; 1.03x difference).

Cheaper output Phi 4 $0.21 vs $0.14 / 1M

Phi 4 is $0.07 cheaper per 1M output tokens (33.3% lower; 1.5x difference).

Larger context Hy3 preview 262.14K vs 16.38K

Hy3 preview has 245.76K more context (16x larger).

Sample workload Phi 4 $0.17 vs $0.14

Phi 4 is $0.03 cheaper on the standard workload (19.6% lower).

Estimate your workload cost

Your Workload Cost

Prices are normalized to USD per 1M tokens.
Hy3 preview Calculating… Estimated API cost
Phi 4 Calculating… Estimated API cost
Cheaper for this workload Calculating… Difference: calculating…

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

Verdict

Hy3 preview has the lower input price; Phi 4 has the lower output price; Hy3 preview offers the larger context window. For the 1M input plus 500K output sample, Phi 4 is cheaper for the standard workload.

For a 1M input token plus 500K output token workload, the estimated API cost is $0.17 for Hy3 preview and $0.14 for Phi 4.

Best Fit

Choose Hy3 preview when you care most about lower input-token price, and larger context window.

Choose Phi 4 when you care most about lower output-token price.

Decision Notes
  • On the standard 1M input plus 500K output workload, Phi 4 is estimated at $0.14 vs $0.17 for Hy3 preview, saving $0.03 (19.6% lower).
  • Phi 4 is $0.03 cheaper on the standard workload (19.6% lower).
  • Hy3 preview is $0.002 cheaper per 1M input tokens (3.1% lower; 1.03x difference).
  • Phi 4 is $0.07 cheaper per 1M output tokens (33.3% lower; 1.5x difference).
  • Hy3 preview has 245.76K more context (16x larger).
Head-to-Head Specs
Feature🔥Hy3 preview
(Tencent)
Phi 4
(Microsoft)
Input Price
prompt tokens per 1M
$0.063$0.065
Completion Price
per 1M tokens
$0.21$0.14
Sample Workload Cost
1M input + 500K output
$0.17$0.14
Context Window262.14K16.38K
Release Date
Popularity#2#139

Use-Case Decision Matrix

Use caseBetter pickWhy
Budget-constrained productionPhi 4On the standard 1M input plus 500K output workload, Phi 4 is estimated at $0.14 vs $0.17 for Hy3 preview, saving $0.03 (19.6% lower).
High-volume input processingHy3 previewLower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill.
Long responses and chatbotsPhi 4Lower output-token price matters most when assistants generate many completion tokens.
RAG or long-document workHy3 previewA larger context window leaves more room for retrieved passages, conversation history, or source files.

Related Alternatives

Same-provider lower-cost swaps
  • No lower-cost same-provider swap is currently tracked for this pair.

Cheaper alternatives

Review low-cost models sorted by a standard 1M input plus 500K output workload.

Open cheapest models

Larger context alternatives

Find models with larger context windows for RAG, long documents, and codebase review.

Open largest context models

Provider catalogs

Compare models within provider hubs before choosing a final API vendor.

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Tencent catalog

Review all tracked Tencent models before deciding whether this matchup is the right shortlist.

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Microsoft catalog

Check other Microsoft models with comparable pricing, context, or release timing.

Open Microsoft models
Hy3 preview

Hy3 preview is a high-efficiency Mixture-of-Experts model from Tencent designed for agentic workflows and production use. It supports configurable reasoning levels across disabled, low, and high modes, allowing it to...

Phi 4

[Microsoft Research](/microsoft) Phi-4 is designed to perform well in complex reasoning tasks and can operate efficiently in situations with limited memory or where quick responses are needed. At 14 billion...