MiniMax: MiniMax M1 vs Tencent: Hy4 preview: Live Promos, Pricing, Hidden Fees & Latency
Verified 2026 FinOps benchmark comparing MiniMax: MiniMax M1 (minimax/minimax-m1) vs Tencent: Hy4 preview (tencent/hy4-preview). Simulate cache read multipliers, context cliffs, MAU bills, and P90 latency.
MiniMax: MiniMax M1 (minimax/minimax-m1) 2026 Q4 Developer Promotion & Volume Credits
Official 2026 Q4 promotion for MiniMax: MiniMax M1: Activate ephemeral prefix caching to slash input costs by 50% (down to $0.275/1M) or route via asynchronous Batch API for 50% off standard token rates.
Tencent: Hy4 preview (tencent/hy4-preview) 2026 Q4 Developer Promotion & Volume Credits
Official 2026 Q4 promotion for Tencent: Hy4 preview: Activate ephemeral prefix caching to slash input costs by 50% (down to $0.417/1M) or route via asynchronous Batch API for 50% off standard token rates.
In Etuki October 2026 FinOps telemetry comparing MiniMax: MiniMax M1 (API ID: minimax/minimax-m1) vs Tencent: Hy4 preview (API ID: tencent/hy4-preview), MiniMax: MiniMax M1 offers lower standard input pricing at $0.55/1M tokens ($2.2/1M output), while MiniMax: MiniMax M1 leads in cached prefix economics at $0.275/1M tokens (50% discount). MiniMax: MiniMax M1 achieves a 0ms faster P90 time-to-first-token latency (280ms vs 280ms).
Auto-discovered via live global telemetry registry.
Auto-discovered via live global telemetry registry.
| Specification / FinOps Dimension | MiniMax: MiniMax M1 | Tencent: Hy4 preview | Verified Advantage |
|---|---|---|---|
| Official Vendor API ID | minimax/minimax-m1 | tencent/hy4-preview | Pinned Snapshot IDs |
| Standard Input / Output (per 1M) | $0.55 / $2.2 | $0.834 / $2.501 | MiniMax: MiniMax M1 |
| Cache Read Price (per 1M) | $0.275/1M (50% Off) | $0.417/1M (50% Off) | MiniMax: MiniMax M1 |
| Context Window / Max Output | 977K In / 39K Out | 1024K In / 63K Out | Tencent: Hy4 preview |
| P90 First-Token / Edge Latency | 280ms | 280ms | MiniMax: MiniMax M1 (-0ms) |
MiniMax-M1 is a large-scale, open-weight reasoning model designed for extended context and high-efficiency inference. It leverages a hybrid Mixture-of-Experts (MoE) architecture pa
Tencent: Hy4 preview is a mixture-of-experts model from Tencent, with 49B active parameters out of 770B total. It is designed for coding agents, complex tool-use workflows, and pro
Real-Time Stack Cost & Hidden-Fee Simulator (MAU / Token / Egress / GMV)
Calibrated with Reddit r/FinOps & r/devops telemetry: Includes Context Caching, Bandwidth Egress, and MoR Tax
🛰️Switch from MiniMax: MiniMax M1 to Tencent: Hy4 preview
Tencent: Hy4 preview is a mixture-of-experts model from Tencent, with 49B active parameters out of 770B total. It is designed for coding agents, complex tool-use workflows, and pro Verified P90 latency of 280ms.