API cost decision in 10 seconds

🔥Hy4 preview vs NewMistral Large 4

Pick Mistral Large 4 when budget is the priority.

Page updated: 2026-10-15T00:07:50Z Data confirmed: 2026-10-15T02:07:54Z Prices normalized to USD per 1M tokens Sample workload: 1M input + 500K output

Budget verdict

Pick Mistral Large 4 when budget is the priority.

On the standard 1M input plus 500K output workload, Mistral Large 4 is estimated at $1.73 vs $2.08 for Hy4 preview, saving $0.36 (17.2% lower).

Cost-first pickMistral Large 4

Context-first pickBoth models

Sample savings$0.3617.2%

10x traffic gap$3.59

The reported context window is tied, so cost and provider fit carry more weight. At 10x that traffic, the same price gap is about $3.59. Use the calculator below to replace the sample workload with your own token volume.

Cost sensitivity

Workload Sensitivity

Same prices, different token mixes.

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

Workload shape	Token mix	Better pick	Hy4 preview	Mistral Large 4
Input-heavy / RAG	5M input + 500K output	Mistral Large 4	$5.42	$4.45
Balanced workload	1M input + 1M output	Mistral Large 4	$3.33	$2.77
Output-heavy chatbot	1M input + 5M output	Mistral Large 4	$13.34	$11.13

Cheaper input Mistral Large 4 $0.834 vs $0.68 / 1M

Mistral Large 4 is $0.15 cheaper per 1M input tokens (18.5% lower; 1.23x difference).

Cheaper output Mistral Large 4 $2.501 vs $2.09 / 1M

Mistral Large 4 is $0.41 cheaper per 1M output tokens (16.4% lower; 1.2x difference).

Larger context Tie 1.05M vs 1.05M

Both models report the same context window at 1.05M tokens.

Sample workload Mistral Large 4 $2.08 vs $1.73

Mistral Large 4 is $0.36 cheaper on the standard workload (17.2% lower).

Estimate your workload cost

Your Workload Cost

Prices are normalized to USD per 1M tokens.

Monthly input tokens Monthly output tokens

Hy4 preview Calculating… Estimated API cost

Mistral Large 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

Mistral Large 4 has the lower input price; Mistral Large 4 has the lower output price; both models report the same context window. For the 1M input plus 500K output sample, Mistral Large 4 is cheaper for the standard workload.

For a 1M input token plus 500K output token workload, the estimated API cost is $2.08 for Hy4 preview and $1.73 for Mistral Large 4.

Best Fit

Choose Hy4 preview when its provider, model quality, latency, or availability is more important than the numeric price/context winner.

Choose Mistral Large 4 when you care most about lower input-token price, and lower output-token price.

Decision Notes

On the standard 1M input plus 500K output workload, Mistral Large 4 is estimated at $1.73 vs $2.08 for Hy4 preview, saving $0.36 (17.2% lower).
Mistral Large 4 is $0.36 cheaper on the standard workload (17.2% lower).
Mistral Large 4 is $0.15 cheaper per 1M input tokens (18.5% lower; 1.23x difference).
Mistral Large 4 is $0.41 cheaper per 1M output tokens (16.4% lower; 1.2x difference).
Both models report the same context window at 1.05M tokens.

Head-to-Head Specs

Feature	🔥Hy4 preview (Tencent)	NewMistral Large 4 (Mistral)
Input Price prompt tokens per 1M	$0.834	$0.68
Completion Price per 1M tokens	$2.501	$2.09
Sample Workload Cost 1M input + 500K output	$2.08	$1.73
Context Window	1.05M	1.05M
Release Date	2026-08-28	2026-10-06
Popularity	#5

Use-Case Decision Matrix

Use case	Better pick	Why
Budget-constrained production	Mistral Large 4	On the standard 1M input plus 500K output workload, Mistral Large 4 is estimated at $1.73 vs $2.08 for Hy4 preview, saving $0.36 (17.2% lower).
High-volume input processing	Mistral Large 4	Lower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill.
Long responses and chatbots	Mistral Large 4	Lower output-token price matters most when assistants generate many completion tokens.
RAG or long-document work	Tie	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 Hy4 preview when lower sample workload cost matters most: $0.
Hy-MT2-1.8B can replace Hy4 preview when lower sample workload cost matters most: $0.13.
Hy-MT2-30B-A3B can replace Hy4 preview when lower sample workload cost matters most: $0.22.
Hy-MT2-7B can replace Hy4 preview when lower sample workload cost matters most: $0.22.

Larger context near this budget

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.
Llama 4 Scout offers 1.31M context with $0.47 sample workload cost.
MiMo-V2.6-Flash offers 1.05M context with $0.28 sample workload cost.

Popular competitors

DeepSeek V4.1 Flash · DeepSeek · #1
Step 5 Preview · StepFun · #2
GLM 5.3 Flash · Z.ai · #3
MiMo-V2.6-Flash · Xiaomi · #4

Cheaper alternatives

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

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Larger context alternatives

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

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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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Mistral catalog

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

Open Mistral models

Hy4 preview

Tencent: Hy4 preview is a mixture-of-experts model from Tencent, with 49B active parameters out of 770B total. It is designed for coding agents, complex tool-use workflows, and productivity tasks that...

Mistral Large 4

Mistral Large 4 is a frontier multimodal (text and image input) model from Mistral AI built for reasoning, coding, and agentic workloads. It offers a 1M-token context window with up...