Hy4 preview vs LongCat-2.0 vs MiniMax-M2.7-highspeed
Too close to call on our weighted score (Hy4 preview 45, LongCat-2.0 45, MiniMax-M2.7-highspeed 41). The right pick depends on what you value most.
TencentHy4 preview
45/100- ECI—
- Price$0.834 / $2.50
- Context1.02M
Meituan (LongCat)LongCat-2.0
45/100- ECI—
- Price$0.75 / $2.95
- Context1M
MiniMaxMiniMax-M2.7-highspeed
41/100- ECI—
- Price$0.60 / $2.40
- Context205K
Too close to call
It is close. Our weighted score puts them within a point (Hy4 preview 45/100, LongCat-2.0 45/100, MiniMax-M2.7-highspeed 41/100), so choose by what matters most for your work: MiniMax-M2.7-highspeed on price and Hy4 preview for long inputs. 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 priceMiniMax-M2.7-highspeedMiniMax-M2.7-highspeed $1.05 · Hy4 preview $1.25 · LongCat-2.0 $1.30 per 1M tokens (3:1 blend)
- Longest contextHy4 previewHy4 preview 1,024,000 · LongCat-2.0 1,000,000 · MiniMax-M2.7-highspeed 204,800 tokens
- Widest inputsSame inputsHy4 preview: Text · LongCat-2.0: Text · MiniMax-M2.7-highspeed: Text
- Self-hostingHy4 preview and MiniMax-M2.7-highspeedPublishes downloadable weights
| Measure | Weight | Hy4 preview | LongCat-2.0 | MiniMax-M2.7-highspeed |
|---|---|---|---|---|
| Price | 50% | 45 | 44 | 49 |
| Inputs & features | 30% | 35 | 35 | 35 |
| Context window | 20% | 60 | 60 | 32 |
| Overall | 100% | 45/100 | 45/100 | 41/100 |
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 | LongCat-2.0Meituan (LongCat) | MiniMax-M2.7-highspeedMiniMax |
|---|---|---|---|
| Capability | |||
| Capabilities Index (ECI) | — | — | — |
| ECI rank | — | — | — |
| Price per million tokens | |||
| Input | $0.834 | $0.75 | $0.60 (best) |
| Output | $2.50 | $2.95 | $2.40 (best) |
| Cached input | $0.042 | $0.015 (best) | $0.06 |
| Blended (3:1) | $1.25 | $1.30 | $1.05 (best) |
| Long-context rate | Same rate | Same rate | Same rate |
| Price source | Official Tencent TokenHub API | Official LongCat API | Official MiniMax (minimax.io) API |
| Limits | |||
| Context window | 1,024,000 tokens (best) | 1,000,000 tokens | 204,800 tokens |
| Max output | 64,000 tokens | 131,072 tokens (best) | 131,072 tokens (best) |
| Inputs and features | |||
| Text | Yes | Yes | Yes |
| Images | No | No | No |
| PDFs | No | No | No |
| Audio | No | No | No |
| Video | No | No | No |
| Reasoning | Yeshigh | Yes | Yes |
| Tool calling | Yes | Yes | Yes |
| Structured output | No | No | No |
| Availability | |||
| Weights | Open | Proprietary | Open |
| API model ID | hy4-preview | LongCat-2.0 | MiniMax-M2.7-highspeed |
| API providers | 13 | 5 | 14 (best) |
| Released | Aug 28, 2026 | Jun 30, 2026 | Mar 18, 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
- LongCat-2.0$13.40
- MiniMax-M2.7-highspeed$10.80
Which should you choose?
Which is better: Hy4 preview, LongCat-2.0 or MiniMax-M2.7-highspeed?
It is close. Our weighted score puts them within a point (Hy4 preview 45/100, LongCat-2.0 45/100, MiniMax-M2.7-highspeed 41/100), so choose by what matters most for your work: MiniMax-M2.7-highspeed on price and Hy4 preview for long inputs. 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, LongCat-2.0 or MiniMax-M2.7-highspeed?
MiniMax-M2.7-highspeed is cheaper at $0.60 input / $2.40 output per million tokens (official MiniMax (minimax.io) API price). Hy4 preview costs $0.834 input / $2.50 output per million tokens (official Tencent TokenHub API price); LongCat-2.0 costs $0.75 input / $2.95 output per million tokens (official LongCat API price). At a typical mix of three input tokens to one output token, that is $1.05 per million tokens for MiniMax-M2.7-highspeed versus $1.25 for Hy4 preview (1.2× as much) and $1.30 for LongCat-2.0 (1.2× 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, LongCat-2.0 has not been scored yet and MiniMax-M2.7-highspeed has not been scored yet.
Which is better for coding?
There are no published SWE-bench Verified results for Hy4 preview, LongCat-2.0 and MiniMax-M2.7-highspeed 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-2.0 and 204,800 for MiniMax-M2.7-highspeed. Maximum output per response: Hy4 preview up to 64,000, LongCat-2.0 up to 131,072, MiniMax-M2.7-highspeed up to 131,072 tokens.
Which can read images, PDFs, audio or video?
Hy4 preview accepts text; LongCat-2.0 accepts text; MiniMax-M2.7-highspeed accepts text. They handle the same number of input types.
Are any of these open source?
Hy4 preview and MiniMax-M2.7-highspeed publishes its weights and can be self-hosted; LongCat-2.0 is proprietary.
Which is newer?
Hy4 preview is the newest, released Aug 28, 2026. LongCat-2.0 came out Jun 30, 2026; MiniMax-M2.7-highspeed came out Mar 18, 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.
