API cost decision in 10 seconds

🔥Hy3 vs MiniMax M3

Pick Hy3 for lower cost; pick MiniMax M3 only if the larger context window matters more.

Page updated: 2026-07-24T04:07:58Z Data confirmed: 2026-08-23T14:07:50Z Prices normalized to USD per 1M tokens Sample workload: 1M input + 500K output

Budget verdict

Pick Hy3 for lower cost; pick MiniMax M3 only if the larger context window matters more.

On the standard 1M input plus 500K output workload, Hy3 is estimated at $0.4 vs $0.9 for MiniMax M3, saving $0.5 (56% lower).

Cost-first pickHy3

Context-first pickMiniMax M3

Sample savings$0.556%

10x traffic gap$5.04

MiniMax M3 has more context, but Hy3 saves $0.5 on the standard workload. At 10x that traffic, the same price gap is about $5.04. Use the calculator below to replace the sample workload with your own token volume.

Cost sensitivity

Workload Sensitivity

Same prices, different token mixes.

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

Workload shape	Token mix	Better pick	Hy3	MiniMax M3
Input-heavy / RAG	5M input + 500K output	Hy3	$0.92	$2.1
Balanced workload	1M input + 1M output	Hy3	$0.66	$1.5
Output-heavy chatbot	1M input + 5M output	Hy3	$2.77	$6.3

Cheaper input Hy3 $0.132 vs $0.3 / 1M

Hy3 is $0.17 cheaper per 1M input tokens (56% lower; 2.27x difference).

Cheaper output Hy3 $0.528 vs $1.2 / 1M

Hy3 is $0.67 cheaper per 1M output tokens (56% lower; 2.27x difference).

Larger context MiniMax M3 262.14K vs 1.05M

MiniMax M3 has 786.43K more context (4x larger).

Sample workload Hy3 $0.4 vs $0.9

Hy3 is $0.5 cheaper on the standard workload (56% lower).

Estimate your workload cost

Your Workload Cost

Prices are normalized to USD per 1M tokens.

Monthly input tokens Monthly output tokens

Hy3 Calculating… Estimated API cost

MiniMax M3 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 has the lower input price; Hy3 has the lower output price; MiniMax M3 offers the larger context window. For the 1M input plus 500K output sample, Hy3 is cheaper for the standard workload.

For a 1M input token plus 500K output token workload, the estimated API cost is $0.4 for Hy3 and $0.9 for MiniMax M3.

Best Fit

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

Choose MiniMax M3 when you care most about larger context window.

Decision Notes

On the standard 1M input plus 500K output workload, Hy3 is estimated at $0.4 vs $0.9 for MiniMax M3, saving $0.5 (56% lower).
Hy3 is $0.5 cheaper on the standard workload (56% lower).
Hy3 is $0.17 cheaper per 1M input tokens (56% lower; 2.27x difference).
Hy3 is $0.67 cheaper per 1M output tokens (56% lower; 2.27x difference).
MiniMax M3 has 786.43K more context (4x larger).

Head-to-Head Specs

Feature	🔥Hy3 (Tencent)	MiniMax M3 (MiniMax)
Input Price prompt tokens per 1M	$0.132	$0.3
Completion Price per 1M tokens	$0.528	$1.2
Sample Workload Cost 1M input + 500K output	$0.4	$0.9
Context Window	262.14K	1.05M
Release Date	2026-07-06	2026-05-31
Popularity	#3

Use-Case Decision Matrix

Use case	Better pick	Why
Budget-constrained production	Hy3	On the standard 1M input plus 500K output workload, Hy3 is estimated at $0.4 vs $0.9 for MiniMax M3, saving $0.5 (56% lower).
High-volume input processing	Hy3	Lower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill.
Long responses and chatbots	Hy3	Lower output-token price matters most when assistants generate many completion tokens.
RAG or long-document work	MiniMax M3	A larger context window leaves more room for retrieved passages, conversation history, or source files.

Related Alternatives

Same-provider lower-cost swaps

Hy3 (free) can replace Hy3 when lower sample workload cost matters most: $0.
Hy-MT2-1.8B can replace Hy3 when lower sample workload cost matters most: $0.13.
Hy-MT2-30B-A3B can replace Hy3 when lower sample workload cost matters most: $0.22.
Hy-MT2-7B can replace Hy3 when lower sample workload cost matters most: $0.22.

Larger context near this budget

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.
Llama 4 Scout offers 1.31M context with $0.25 sample workload cost.
MiMo-V2.5 offers 1.05M context with $0.28 sample workload cost.

Popular competitors

DeepSeek V4 Flash 0731 · DeepSeek · #1
MiMo-V2.5 · Xiaomi · #2
Ox Alpha · stealth · #4
DeepSeek V4 Flash 0423 · DeepSeek · #5

Cheaper alternatives

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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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MiniMax catalog

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

Open MiniMax models

Hy3

Hy3 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:...

MiniMax M3

MiniMax-M3 is a multimodal foundation model from MiniMax. It supports text, image, and video inputs with text output, a 1M-token context window, and is suited for long-horizon agentic work, coding,...