API cost decision in 10 seconds

NewHy4 preview vs Qwen3.7 Plus

Pick Qwen3.7 Plus for lower cost; pick Hy4 preview only if the larger context window matters more.

Page updated: 2026-08-28T07:07:46Z Data confirmed: 2026-08-28T10:07:44Z Prices normalized to USD per 1M tokens Sample workload: 1M input + 500K output

Budget verdict

Pick Qwen3.7 Plus for lower cost; pick Hy4 preview only if the larger context window matters more.

On the standard 1M input plus 500K output workload, Qwen3.7 Plus is estimated at $0.96 vs $2.08 for Hy4 preview, saving $1.12 (53.9% lower).

Cost-first pickQwen3.7 Plus

Context-first pickHy4 preview

Sample savings$1.1253.9%

10x traffic gap$11.24

Hy4 preview has more context, but Qwen3.7 Plus saves $1.12 on the standard workload. At 10x that traffic, the same price gap is about $11.24. Use the calculator below to replace the sample workload with your own token volume.

Cost sensitivity

Workload Sensitivity

Same prices, different token mixes.

Qwen3.7 Plus stays cheaper across input-heavy, balanced, and output-heavy sample workloads.

Workload shape	Token mix	Better pick	Hy4 preview	Qwen3.7 Plus
Input-heavy / RAG	5M input + 500K output	Qwen3.7 Plus	$5.42	$2.24
Balanced workload	1M input + 1M output	Qwen3.7 Plus	$3.33	$1.6
Output-heavy chatbot	1M input + 5M output	Qwen3.7 Plus	$13.34	$6.72

Cheaper input Qwen3.7 Plus $0.834 vs $0.32 / 1M

Qwen3.7 Plus is $0.51 cheaper per 1M input tokens (61.6% lower; 2.61x difference).

Cheaper output Qwen3.7 Plus $2.501 vs $1.28 / 1M

Qwen3.7 Plus is $1.22 cheaper per 1M output tokens (48.8% lower; 1.95x difference).

Larger context Hy4 preview 1.05M vs 1M

Hy4 preview has 48.58K more context (1.05x larger).

Sample workload Qwen3.7 Plus $2.08 vs $0.96

Qwen3.7 Plus is $1.12 cheaper on the standard workload (53.9% 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

Qwen3.7 Plus 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

Qwen3.7 Plus has the lower input price; Qwen3.7 Plus has the lower output price; Hy4 preview offers the larger context window. For the 1M input plus 500K output sample, Qwen3.7 Plus 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 $0.96 for Qwen3.7 Plus.

Best Fit

Choose Hy4 preview when you care most about larger context window.

Choose Qwen3.7 Plus 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, Qwen3.7 Plus is estimated at $0.96 vs $2.08 for Hy4 preview, saving $1.12 (53.9% lower).
Qwen3.7 Plus is $1.12 cheaper on the standard workload (53.9% lower).
Qwen3.7 Plus is $0.51 cheaper per 1M input tokens (61.6% lower; 2.61x difference).
Qwen3.7 Plus is $1.22 cheaper per 1M output tokens (48.8% lower; 1.95x difference).
Hy4 preview has 48.58K more context (1.05x larger).

Head-to-Head Specs

Feature	NewHy4 preview (Tencent)	Qwen3.7 Plus (Qwen)
Input Price prompt tokens per 1M	$0.834	$0.32
Completion Price per 1M tokens	$2.501	$1.28
Sample Workload Cost 1M input + 500K output	$2.08	$0.96
Context Window	1.05M	1M
Release Date	2026-08-28	2026-06-03

Use-Case Decision Matrix

Use case	Better pick	Why
Budget-constrained production	Qwen3.7 Plus	On the standard 1M input plus 500K output workload, Qwen3.7 Plus is estimated at $0.96 vs $2.08 for Hy4 preview, saving $1.12 (53.9% lower).
High-volume input processing	Qwen3.7 Plus	Lower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill.
Long responses and chatbots	Qwen3.7 Plus	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

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.
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.

Popular competitors

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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Larger context alternatives

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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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Qwen catalog

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

Open Qwen models

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Qwen3.7-Plus is a cost-effective model in Alibaba's Qwen3.7 series. It supports text and image input with text output, building on the series' text capabilities with a comprehensive upgrade to its...