Hy4 preview vs Hy3 vs LongCat-2.5-Preview
Hy3 comes out ahead, 58 to 52 and 45 on our weighted score, and it is the cheaper option too.
TencentHy4 preview
45/100- ECI—
- Price$0.834 / $2.50
- Context1.02M
- Our pickTencent
Hy3
58/100- ECI—
- Price$0.132 / $0.53
- Context256K
Meituan (LongCat)LongCat-2.5-Preview
52/100- ECI—
- Price$0.75 / $2.95
- Context1M
Hy3 is our pick
Hy3 is the better all-round choice, scoring 58/100 against LongCat-2.5-Preview (52) and Hy4 preview (45). It leads on price. LongCat-2.5-Preview wins on inputs & features. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.
- CapabilityNot enough dataNo independent benchmark covers every model here yet
- Lowest priceHy3Hy3 $0.232 · Hy4 preview $1.25 · LongCat-2.5-Preview $1.30 per 1M tokens (3:1 blend)
- Longest contextHy4 previewHy4 preview 1,024,000 · LongCat-2.5-Preview 1,000,000 · Hy3 256,000 tokens
- Widest inputsLongCat-2.5-PreviewHy4 preview: Text · Hy3: Text · LongCat-2.5-Preview: Text, Images
- Self-hostingHy4 preview and Hy3Publishes downloadable weights
| Measure | Weight | Hy4 preview | Hy3 | LongCat-2.5-Preview |
|---|---|---|---|---|
| Price | 50% | 45 | 80 | 44 |
| Inputs & features | 30% | 35 | 35 | 60 |
| Context window | 20% | 60 | 36 | 60 |
| Overall | 100% | 45/100 | 58/100 | 52/100 |
Left out because at least one model lacks the data: capability. The remaining weights were rescaled.
Every spec in one table
Highlighted cells lead their row. Dashes mean the data is not published.
| Specification | Hy4 previewTencent | Hy3Tencent | LongCat-2.5-PreviewMeituan (LongCat) |
|---|---|---|---|
| Capability | |||
| Capabilities Index (ECI) | — | — | — |
| ECI rank | — | — | — |
| Price per million tokens | |||
| Input | $0.834 | $0.132 (best) | $0.75 |
| Output | $2.50 | $0.53 (best) | $2.95 |
| Cached input | $0.042 | — | — |
| Blended (3:1) | $1.25 | $0.232 (best) | $1.30 |
| Long-context rate | Same rate | Same rate | Same rate |
| Price source | Official Tencent TokenHub API | Median of 15 providers | Median of 1 providers |
| Limits | |||
| Context window | 1,024,000 tokens (best) | 256,000 tokens | 1,000,000 tokens |
| Max output | 64,000 tokens | 128,000 tokens | 131,072 tokens (best) |
| Inputs and features | |||
| Text | Yes | Yes | Yes |
| Images | No | No | Yes |
| PDFs | No | No | No |
| Audio | No | No | No |
| Video | No | No | No |
| Reasoning | Yeshigh | Yeshigh | Yes |
| Tool calling | Yes | Yes | Yes |
| Structured output | No | No | No |
| Availability | |||
| Weights | Open | Open | Proprietary |
| API model ID | hy4-preview | hy3 | — |
| API providers | 13 | 18 (best) | 2 |
| Released | Aug 28, 2026 | Jul 6, 2026 | Sep 25, 2026 |
| Knowledge cutoff | — | — | — |
What would a month cost?
Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.
- Hy4 preview$13.34
- Hy3$2.38
- LongCat-2.5-Preview$13.40
Which should you choose?
Which is better: Hy4 preview, Hy3 or LongCat-2.5-Preview?
Hy3 is the better all-round choice, scoring 58/100 against LongCat-2.5-Preview (52) and Hy4 preview (45). It leads on price. LongCat-2.5-Preview wins on inputs & features. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.
Which is cheaper, Hy4 preview, Hy3 or LongCat-2.5-Preview?
Hy3 is cheaper at $0.132 input / $0.53 output per million tokens (median across 15 API providers; free on Tencent TokenHub). Hy4 preview costs $0.834 input / $2.50 output per million tokens (official Tencent TokenHub API price); LongCat-2.5-Preview costs $0.75 input / $2.95 output per million tokens (median across 1 API provider). At a typical mix of three input tokens to one output token, that is $0.232 per million tokens for Hy3 versus $1.25 for Hy4 preview (5.4× as much) and $1.30 for LongCat-2.5-Preview (5.6× as much).
Which scores higher on benchmarks?
There is no independent benchmark that covers all three models yet. Hy4 preview has not been scored yet, Hy3 has not been scored yet and LongCat-2.5-Preview has not been scored yet.
Which is better for coding?
There are no published SWE-bench Verified results for Hy4 preview, Hy3 and LongCat-2.5-Preview yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. All three support tool calling for agent workflows.
Which has the bigger context window?
Hy4 preview has the largest context window at 1,024,000 tokens, against 1,000,000 for LongCat-2.5-Preview and 256,000 for Hy3. Maximum output per response: Hy4 preview up to 64,000, Hy3 up to 128,000, LongCat-2.5-Preview up to 131,072 tokens.
Which can read images, PDFs, audio or video?
Hy4 preview accepts text; Hy3 accepts text; LongCat-2.5-Preview accepts text and images. LongCat-2.5-Preview handles the widest range of inputs.
Are any of these open source?
Hy4 preview and Hy3 publishes its weights and can be self-hosted; LongCat-2.5-Preview is proprietary.
Which is newer?
LongCat-2.5-Preview is the newest, released Sep 25, 2026. Hy4 preview came out Aug 28, 2026; Hy3 came out Jul 6, 2026.
How do you decide the winner?
Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Oct 4, 2026.
