Hy3 vs MiniMax M3

API pricing, context window and capabilities for Hy3 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 wins on price. MiniMax M3 wins on Terminal-Bench, on intelligence and on context window.

Price
Hy3
Terminal-Bench
MiniMax M3
Intelligence
MiniMax M3
Context window
MiniMax M3

Key takeaways

who wins on what, from the published numbers

Hy3 wins

  • Cheaper input ($0.132 vs $0.23 /1M)
  • Cheaper output ($0.528 vs $0.96 /1M)
  • Has web search

MiniMax M3 wins

  • Larger context window (262K vs 1M)
  • Higher max output (262K vs 1M)
  • More serving providers (5 vs 11)
  • Supports vision
Cheaper overall
Hy3
$0.132 + $0.528 /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.
Hy3MiniMax M3
Input $/1M$0.132OpenRouter routed quote best$0.23via Wandb
Output $/1M$0.528OpenRouter routed quote best$0.96via Wandb
Context window262K 1M best
Max output262K 1M best
Serving providers5 11 best
DateReleased Jul 6, 2026 Released Jun 1, 2026

Benchmarks

Benchmark scores, side by side
Hy3MiniMax M3
Intelligence25.3 29.2 best
Terminal-Bench64% 65% best
GPQA Diamond90% 93% best
Output speed86 t/s 107 t/s best
Latency (TTFT)2.81s 1.21s best

Cost calculator

choose a serving route for each side
Input tokens / month
Output tokens / month
Hy3
via OpenRouter
$1.19
MiniMax M3
via Wandb
$2.11

Capabilities

feature support, side by side
FeatureHy3MiniMax M3
Vision—✓
Tool use✓✓
Reasoning✓✓
Audio——
Prompt caching✓✓
Structured output✓✓
Web search✓—

Related comparisons

Frequently asked questions

Which is cheaper, Hy3 or MiniMax M3?
Hy3 is cheaper for input ($0.132 vs $0.23 per 1M tokens) as an OpenRouter routed quote. Hy3 is cheaper for output ($0.528 vs $0.96 per 1M tokens) as an OpenRouter routed quote.
What is the context window difference between Hy3 and MiniMax M3?
Hy3 has a 262K-token context window and MiniMax M3 has 1M tokens, so MiniMax M3 can take a larger prompt.
How do Hy3 and MiniMax M3 compare on benchmarks?
On the tracked benchmarks, MiniMax M3 leads on Terminal-Bench, and MiniMax M3 leads on intelligence.
Listed prices from LiteLLM, OpenRouter and Vercel · last checked Oct 14, 2026

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