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Comparison · 3 models · Updated Oct 4, 2026

Hy4 preview vs LongCat-2.5-Preview vs Nex-N2-Pro

Too close to call on our weighted score (Nex-N2-Pro 53, LongCat-2.5-Preview 52, Hy4 preview 45). The right pick depends on what you value most.

  1. Tencent

    Hy4 preview

    Released Aug 28, 2026

    45/100
    • ECI—
    • Price$0.834 / $2.50
    • Context1.02M
  2. Meituan (LongCat)

    LongCat-2.5-Preview

    Released Sep 25, 2026

    52/100
    • ECI—
    • Price$0.75 / $2.95
    • Context1M
  3. Nex AGI

    Nex-N2-Pro

    Released Jun 2, 2026

    53/100
    • ECI—
    • Price$0.50 / $2.50
    • Context262K
01 — Verdict

Too close to call

It is close. Our weighted score puts them within 1 points (Nex-N2-Pro 53/100, LongCat-2.5-Preview 52/100, Hy4 preview 45/100), so choose by what matters most for your work: Nex-N2-Pro 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 priceNex-N2-ProNex-N2-Pro $1.00 · 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 · Nex-N2-Pro 262,144 tokens
  • Widest inputsLongCat-2.5-Preview and Nex-N2-ProHy4 preview: Text · LongCat-2.5-Preview: Text, Images · Nex-N2-Pro: Text, Images
  • Self-hostingHy4 preview and Nex-N2-ProPublishes downloadable weights
How the score is built
MeasureWeightHy4 previewLongCat-2.5-PreviewNex-N2-Pro
Price50%454450
Inputs & features30%356070
Context window20%606037
Overall100%45/10052/10053/100

Left out because at least one model lacks the data: capability. The remaining weights were rescaled.

02 — Side by side

Every spec in one table

Highlighted cells lead their row. Dashes mean the data is not published.

Hy4 preview vs LongCat-2.5-Preview vs Nex-N2-Pro specifications side by side
SpecificationHy4 previewTencentLongCat-2.5-PreviewMeituan (LongCat)Nex-N2-ProNex AGI
Capability
Capabilities Index (ECI)———
ECI rank———
Price per million tokens
Input$0.834$0.75$0.50 (best)
Output$2.50$2.95$2.50 (best)
Cached input$0.042——
Blended (3:1)$1.25$1.30$1.00 (best)
Long-context rateSame rateSame rateSame rate
Price sourceOfficial Tencent TokenHub APIMedian of 1 providersMedian of 1 providers
Limits
Context window1,024,000 tokens (best)1,000,000 tokens262,144 tokens
Max output64,000 tokens131,072 tokens262,144 tokens (best)
Inputs and features
TextYesYesYes
ImagesNoYesYes
PDFsNoNoNo
AudioNoNoNo
VideoNoNoNo
ReasoningYeshighYesYes
Tool callingYesYesYes
Structured outputNoNoYes
Availability
WeightsOpenProprietaryOpen
API model IDhy4-preview——
API providers13 (best)21
ReleasedAug 28, 2026Sep 25, 2026Jun 2, 2026
Knowledge cutoff———
03 — Cost

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-2.5-Preview$13.40
  • Nex-N2-Pro$10.00
04 — Questions

Which should you choose?

Which is better: Hy4 preview, LongCat-2.5-Preview or Nex-N2-Pro?

It is close. Our weighted score puts them within 1 points (Nex-N2-Pro 53/100, LongCat-2.5-Preview 52/100, Hy4 preview 45/100), so choose by what matters most for your work: Nex-N2-Pro 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-2.5-Preview or Nex-N2-Pro?

Nex-N2-Pro is cheaper at $0.50 input / $2.50 output per million tokens (median across 1 API provider). 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 $1.00 per million tokens for Nex-N2-Pro versus $1.25 for Hy4 preview (1.3× as much) and $1.30 for LongCat-2.5-Preview (1.3× 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-2.5-Preview has not been scored yet and Nex-N2-Pro has not been scored yet.

Which is better for coding?

There are no published SWE-bench Verified results for Hy4 preview, LongCat-2.5-Preview and Nex-N2-Pro 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 262,144 for Nex-N2-Pro. Maximum output per response: Hy4 preview up to 64,000, LongCat-2.5-Preview up to 131,072, Nex-N2-Pro up to 262,144 tokens.

Which can read images, PDFs, audio or video?

Hy4 preview accepts text; LongCat-2.5-Preview accepts text and images; Nex-N2-Pro accepts text and images. LongCat-2.5-Preview handles the widest range of inputs.

Are any of these open source?

Hy4 preview and Nex-N2-Pro 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; Nex-N2-Pro came out Jun 2, 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.