Hy3 preview vs MiniMax M3

API pricing, context window and capabilities for Hy3 preview and MiniMax M3, side by side. Prices are the cheapest listed serving route per 1M tokens, from LiteLLM and OpenRouter.

Verdict

computed from the published numbers

Hy3 preview wins on price. MiniMax M3 wins on intelligence and on context window. Benchmark data is unavailable for one or both models.

Price
Hy3 preview
Terminal-Bench
Not called
Intelligence
MiniMax M3
Context window
MiniMax M3

Key takeaways

who wins on what, from the published numbers

Hy3 preview wins

  • Cheaper input ($0.18 vs $0.23 /1M)
  • Cheaper output ($0.60 vs $0.96 /1M)

MiniMax M3 wins

  • Larger context window (262K vs 1M)
  • Higher max output (236K vs 1M)
  • More serving providers (1 vs 11)
  • Supports vision
  • Supports structured output
Cheaper overall
Hy3 preview
$0.18 + $0.60 /1M
Larger context
MiniMax M3
1M
More providers
MiniMax M3
11 providers

Pricing & specs

cheapest listed route · per 1M tokens
On-demand listed rates, OpenRouter routed quotes and Vercel reseller quotes. Enterprise commitments can be materially lower. An OpenRouter routed quote is the price of whichever upstream provider OpenRouter prefers today, so it moves day to day.
Hy3 previewMiniMax M3
Input $/1M$0.18OpenRouter routed quote best$0.23via Wandb
Output $/1M$0.60OpenRouter routed quote best$0.96via Wandb
Context window262K 1M best
Max output236K 1M best
Serving providers1 11 best
DateReleased Apr 20, 2026 Released Jun 1, 2026

Benchmarks

Benchmark scores, side by side
Hy3 previewMiniMax M3
Intelligence22.7 29.2 best
Terminal-BenchNot available 65%
GPQA Diamond87% 93% best
Output speedNot available 107 t/s
Latency (TTFT)Not available 1.21s

Cost calculator

choose a serving route for each side
Input tokens / month
Output tokens / month
Hy3 preview
via OpenRouter
$1.50
MiniMax M3
via Wandb
$2.11

Capabilities

feature support, side by side
FeatureHy3 previewMiniMax M3
Vision—✓
Tool use✓✓
Reasoning✓✓
Audio——
Prompt caching✓✓
Structured output—✓
Web search——

Related comparisons

Frequently asked questions

Which is cheaper, Hy3 preview or MiniMax M3?
Hy3 preview is cheaper for input ($0.18 vs $0.23 per 1M tokens) as an OpenRouter routed quote. Hy3 preview is cheaper for output ($0.60 vs $0.96 per 1M tokens) as an OpenRouter routed quote.
What is the context window difference between Hy3 preview and MiniMax M3?
Hy3 preview has a 262K-token context window and MiniMax M3 has 1M tokens, so MiniMax M3 can take a larger prompt.
How do Hy3 preview and MiniMax M3 compare on benchmarks?
On the tracked benchmarks, MiniMax M3 leads on intelligence.
Listed prices from LiteLLM, OpenRouter and Vercel · last checked Oct 14, 2026

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