API cost decision in 10 seconds

Hy3 preview vs MiniMax M2

Pick Hy3 preview when budget and context both matter.

Pricing data updated: 2026-05-26T11:08:00Z Prices normalized to USD per 1M tokens Sample workload: 1M input + 500K output

Budget verdict

Pick Hy3 preview when budget and context both matter.

On the standard 1M input plus 500K output workload, Hy3 preview is estimated at $0.2 vs $0.76 for MiniMax M2, saving $0.56 (74% lower).

Cost-first pickHy3 preview

Context-first pickHy3 preview

Sample savings$0.5674%

10x traffic gap$5.59

Hy3 preview is cheaper on the standard workload and also has the larger context window. At 10x that traffic, the same price gap is about $5.59. Use the calculator below to replace the sample workload with your own token volume.

Cost sensitivity

Workload Sensitivity

Same prices, different token mixes.

Hy3 preview stays cheaper across input-heavy, balanced, and output-heavy sample workloads.

Workload shape	Token mix	Better pick	Hy3 preview	MiniMax M2
Input-heavy / RAG	5M input + 500K output	Hy3 preview	$0.46	$1.77
Balanced workload	1M input + 1M output	Hy3 preview	$0.33	$1.25
Output-heavy chatbot	1M input + 5M output	Hy3 preview	$1.37	$5.25

Cheaper input Hy3 preview $0.066 vs $0.255 / 1M

Hy3 preview is $0.19 cheaper per 1M input tokens (74.1% lower; 3.86x difference).

Cheaper output Hy3 preview $0.26 vs $1 / 1M

Hy3 preview is $0.74 cheaper per 1M output tokens (74% lower; 3.85x difference).

Larger context Hy3 preview 262.14K vs 204.8K

Hy3 preview has 57.34K more context (1.28x larger).

Sample workload Hy3 preview $0.2 vs $0.76

Hy3 preview is $0.56 cheaper on the standard workload (74% lower).

Estimate your workload cost

Your Workload Cost

Prices are normalized to USD per 1M tokens.

Monthly input tokens Monthly output tokens

Hy3 preview Calculating… Estimated API cost

MiniMax M2 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; Hy3 preview has the lower output price; Hy3 preview offers the larger context window. For the 1M input plus 500K output sample, Hy3 preview is cheaper for the standard workload.

For a 1M input token plus 500K output token workload, the estimated API cost is $0.2 for Hy3 preview and $0.76 for MiniMax M2.

Best Fit

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

Choose MiniMax M2 when its provider, model quality, latency, or availability is more important than the numeric price/context winner.

Decision Notes

On the standard 1M input plus 500K output workload, Hy3 preview is estimated at $0.2 vs $0.76 for MiniMax M2, saving $0.56 (74% lower).
Hy3 preview is $0.56 cheaper on the standard workload (74% lower).
Hy3 preview is $0.19 cheaper per 1M input tokens (74.1% lower; 3.86x difference).
Hy3 preview is $0.74 cheaper per 1M output tokens (74% lower; 3.85x difference).
Hy3 preview has 57.34K more context (1.28x larger).

Head-to-Head Specs

Feature	Hy3 preview (Tencent)	MiniMax M2 (MiniMax)
Input Price prompt tokens per 1M	$0.066	$0.255
Completion Price per 1M tokens	$0.26	$1
Sample Workload Cost 1M input + 500K output	$0.2	$0.76
Context Window	262.14K	204.8K
Release Date	2026-04-22	2025-10-23

Use-Case Decision Matrix

Use case	Better pick	Why
Budget-constrained production	Hy3 preview	On the standard 1M input plus 500K output workload, Hy3 preview is estimated at $0.2 vs $0.76 for MiniMax M2, saving $0.56 (74% lower).
High-volume input processing	Hy3 preview	Lower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill.
Long responses and chatbots	Hy3 preview	Lower output-token price matters most when assistants generate many completion tokens.
RAG or long-document work	Hy3 preview	A larger context window leaves more room for retrieved passages, conversation history, or source files.

Related Alternatives

Same-provider lower-cost swaps

MiniMax M2.5 (free) can replace MiniMax M2 when lower sample workload cost matters most: $0.
MiniMax M2.5 can replace MiniMax M2 when lower sample workload cost matters most: $0.72.
MiniMax-01 can replace MiniMax M2 when lower sample workload cost matters most: $0.75.

Larger context near this budget

Llama 4 Scout offers 10M context with $0.23 sample workload cost.
Owl Alpha offers 1.05M context with $0 sample workload cost.
DeepSeek V4 Pro offers 1.05M context with $0.87 sample workload cost.
DeepSeek V4 Flash offers 1.05M context with $0.2 sample workload cost.

Popular competitors

No popular competitor is currently available.

Cheaper alternatives

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

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Larger context alternatives

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Provider catalogs

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Tencent catalog

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MiniMax catalog

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

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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...

MiniMax M2

MiniMax-M2 is a compact, high-efficiency large language model optimized for end-to-end coding and agentic workflows. With 10 billion activated parameters (230 billion total), it delivers near-frontier intelligence across general reasoning,...