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Comparison · 2 models · Updated Oct 4, 2026

Hy4 preview vs MiniMax-M2.5-highspeed

Hy4 preview comes out ahead, 45 to 41 on our weighted score, though MiniMax-M2.5-highspeed is 16% cheaper per token.

  1. Our pick

    Tencent

    Hy4 preview

    Released Aug 28, 2026

    45/100
    • ECI—
    • Price$0.834 / $2.50
    • Context1.02M
    Full specs Remove Hy4 preview

  2. MiniMax

    MiniMax-M2.5-highspeed

    Released Feb 13, 2026

    41/100
    • ECI—
    • Price$0.60 / $2.40
    • Context205K
    Full specs Remove MiniMax-M2.5-highspeed

  3. Add a model

    Make it a three-way comparison.

01 — Verdict

Hy4 preview is our pick

Hy4 preview is the better all-round choice, scoring 45/100 against MiniMax-M2.5-highspeed (41). It leads on context window. MiniMax-M2.5-highspeed wins on price. 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-M2.5-highspeedMiniMax-M2.5-highspeed $1.05 · Hy4 preview $1.25 per 1M tokens (3:1 blend)
  • Longest contextHy4 previewHy4 preview 1,024,000 · MiniMax-M2.5-highspeed 204,800 tokens
  • Widest inputsSame inputsHy4 preview: Text · MiniMax-M2.5-highspeed: Text
  • Self-hostingAll open weightsEvery model here can be downloaded and run on your own hardware
How the score is built
MeasureWeightHy4 previewMiniMax-M2.5-highspeed
Price50%4549
Inputs & features30%3535
Context window20%6032
Overall100%45/10041/100

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 MiniMax-M2.5-highspeed specifications side by side
SpecificationHy4 previewTencentMiniMax-M2.5-highspeedMiniMax
Capability
Capabilities Index (ECI)——
ECI rank——
Price per million tokens
Input$0.834$0.60 (best)
Output$2.50$2.40 (best)
Cached input$0.042 (best)$0.06
Blended (3:1)$1.25$1.05 (best)
Long-context rateSame rateSame rate
Price sourceOfficial Tencent TokenHub APIOfficial MiniMax (minimax.io) API
Limits
Context window1,024,000 tokens (best)204,800 tokens
Max output64,000 tokens131,072 tokens (best)
Inputs and features
TextYesYes
ImagesNoNo
PDFsNoNo
AudioNoNo
VideoNoNo
ReasoningYeshighYes
Tool callingYesYes
Structured outputNoNo
Availability
WeightsOpenOpen
API model IDhy4-previewMiniMax-M2.5-highspeed
API providers13 (best)7
ReleasedAug 28, 2026Feb 13, 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
  • MiniMax-M2.5-highspeed$10.80
04 — Questions

Which should you choose?

Which is better: Hy4 preview or MiniMax-M2.5-highspeed?

Hy4 preview is the better all-round choice, scoring 45/100 against MiniMax-M2.5-highspeed (41). It leads on context window. MiniMax-M2.5-highspeed wins on price. 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 or MiniMax-M2.5-highspeed?

MiniMax-M2.5-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). At a typical mix of three input tokens to one output token, that is $1.05 per million tokens for MiniMax-M2.5-highspeed versus $1.25 for Hy4 preview (1.2× as much).

Which scores higher on benchmarks?

There is no independent benchmark that covers both models yet. Hy4 preview has not been scored yet and MiniMax-M2.5-highspeed has not been scored yet.

Which is better for coding?

There are no published SWE-bench Verified results for Hy4 preview and MiniMax-M2.5-highspeed yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. Both 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 204,800 for MiniMax-M2.5-highspeed. Maximum output per response: Hy4 preview up to 64,000, MiniMax-M2.5-highspeed up to 131,072 tokens.

Which can read images, PDFs, audio or video?

Hy4 preview accepts text; MiniMax-M2.5-highspeed accepts text. They handle the same number of input types.

Are any of these open source?

Yes, both publish their weights, so you can self-host them.

Which is newer?

Hy4 preview is the newest, released Aug 28, 2026. MiniMax-M2.5-highspeed came out Feb 13, 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.

05 — Keep comparing

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