Kimi K2.7 Code is $0.17 cheaper per 1M input tokens (20.9% lower; 1.26x difference).
API cost decision in 10 seconds
NewHy4 preview vs Kimi K2.7 Code
Pick Hy4 preview when budget and context both matter.
Page updated:
Data confirmed:
Prices normalized to USD per 1M tokens
Sample workload: 1M input + 500K output
Budget verdict
Pick Hy4 preview when budget and context both matter.
On the standard 1M input plus 500K output workload, Hy4 preview is estimated at $2.08 vs $2.36 for Kimi K2.7 Code, saving $0.28 (11.7% lower).
Cost-first pickHy4 preview
Context-first pickHy4 preview
Sample savings$0.2811.7%
10x traffic gap$2.76
Hy4 preview is cheaper on the standard workload and also has the larger context window. At 10x that traffic, the same price gap is about $2.76. Use the calculator below to replace the sample workload with your own token volume.
Cost sensitivity
Workload Sensitivity
Cost winner changes by workload shape: input-heavy / RAG favors Kimi K2.7 Code, balanced workload favors Hy4 preview, and output-heavy chatbot favors Hy4 preview.
| Workload shape | Token mix | Better pick | Hy4 preview | Kimi K2.7 Code |
|---|---|---|---|---|
| Input-heavy / RAG | 5M input + 500K output | Kimi K2.7 Code | $5.42 | $5 |
| Balanced workload | 1M input + 1M output | Hy4 preview | $3.33 | $4.06 |
| Output-heavy chatbot | 1M input + 5M output | Hy4 preview | $13.34 | $17.66 |
Hy4 preview is $0.9 cheaper per 1M output tokens (26.4% lower; 1.36x difference).
Hy4 preview has 786.43K more context (4x larger).
Hy4 preview is $0.28 cheaper on the standard workload (11.7% lower).
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
Kimi K2.7 Code has the lower input price; Hy4 preview has the lower output price; Hy4 preview offers the larger context window. For the 1M input plus 500K output sample, Hy4 preview 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 $2.36 for Kimi K2.7 Code.
Choose Hy4 preview when you care most about lower output-token price, and larger context window.
Choose Kimi K2.7 Code when you care most about lower input-token price.
- On the standard 1M input plus 500K output workload, Hy4 preview is estimated at $2.08 vs $2.36 for Kimi K2.7 Code, saving $0.28 (11.7% lower).
- Hy4 preview is $0.28 cheaper on the standard workload (11.7% lower).
- Kimi K2.7 Code is $0.17 cheaper per 1M input tokens (20.9% lower; 1.26x difference).
- Hy4 preview is $0.9 cheaper per 1M output tokens (26.4% lower; 1.36x difference).
- Hy4 preview has 786.43K more context (4x larger).
| Feature | NewHy4 preview (Tencent) | Kimi K2.7 Code (MoonshotAI) |
|---|---|---|
| Input Price prompt tokens per 1M | $0.834 | $0.66 |
| Completion Price per 1M tokens | $2.501 | $3.4 |
| Sample Workload Cost 1M input + 500K output | $2.08 | $2.36 |
| Context Window | 1.05M | 262.14K |
| Release Date |
Use-Case Decision Matrix
| Use case | Better pick | Why |
|---|---|---|
| Budget-constrained production | Hy4 preview | On the standard 1M input plus 500K output workload, Hy4 preview is estimated at $2.08 vs $2.36 for Kimi K2.7 Code, saving $0.28 (11.7% lower). |
| High-volume input processing | Kimi K2.7 Code | Lower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill. |
| Long responses and chatbots | Hy4 preview | Lower output-token price matters most when assistants generate many completion tokens. |
| RAG or long-document work | Hy4 preview | A larger context window leaves more room for retrieved passages, conversation history, or source files. |
Related Alternatives
- 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.
- 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 $0.14 sample workload cost.
- GLM 5.3 Flash offers 1.31M context with $0.2 sample workload cost.
- DeepSeek V4 Flash 0731 · DeepSeek · #1
- MiMo-V2.5 · Xiaomi · #2
- Hy3 · Tencent · #3
- Nemotron 3 Ultra (free) · NVIDIA · #4
Cheaper alternatives
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