MiniMax M1 vs Tencent Hy4 preview
Side by side from live data: prices, limits, who serves each model and how reliably, and how they do on our chess arena.
In short
- MiniMax M1 is 1.3× cheaper at a typical mix of 3 input tokens per output token.
- Both accept prompts up to 1M tokens.
- Hy4 preview is the newer model (released 2026-08-28).
| MiniMax M1 | Hy4 preview | |
|---|---|---|
| Vendor | MiniMax | Tencent |
| Released | 2025-06-17 | 2026-08-28 |
| Input / 1M | $0.55 | $0.834 |
| Output / 1M | $2.20 | $2.50 |
| Cached input / 1M | — | $0.042 |
| Blended / 1M (3:1) | $0.963 | $1.25 |
| Context | 1M | 1M |
| Max output | 40K | 64K |
| Accepts | text | text |
| Reasoning | Yes | Yes |
| Providers on OpenRouter | 2 | 7 |
| Cheapest provider, output | $2.20 | $2.50 |
| Best provider uptime, 24 h | 100% | 100% |
| Chess arena rating | not playing | not playing |
| Vendor API status | — | — |
Cost calculator
MiniMax M1
$66.00 per month$2.20 per day
Hy4 preview
$87.55 per month$2.92 per day
MiniMax M1 saves $21.55 a month on this workload.
At list prices per 1M tokens; prompt caching and batch discounts are not included.
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