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Hy3 (free) vs MiniMax M3

Hy3 (free)

Tencent

69#105
vs
MiniMax M3

MiniMax

74#73
Signal-by-Signal Comparison
SignalHy3 (free)DeltaMiniMax M3
Capabilities
67
-17
83
Benchmarks
68
-4
73
Pricing
100
+1
99
Context window size
77
-9
86
Recency
100
--
100
Output Capacity
90
-5
95
Overall Result
1 wins
of 6
4 wins
MiniMax M3 wins 4 of 6 signals

Score History

Score History (6 data points)
Hy3 (free)MiniMax M3
Hy3 (free)

68.8

current score

Leader

MiniMax M3

right now

MiniMax M3

74.1

current score

LMMarketCap.com
Interactive Price Comparison
100Kcalls/month
1,000tokens (~1,333 chars)
500tokens (~667 chars)

Hy3 (free)

Tencent

Best Value
Per request$0.000000
Daily$0.00
Monthly$0.00
Annual$0.00

MiniMax M3

MiniMax

Per request$0.000900
Daily$3.00
Monthly$90.00
Annual$1080.00

Hy3 (free) saves you $90.00/month

That's $1080.00/year compared to MiniMax M3 at your current usage level of 100K calls/month.

100% cheaper
Choose Hy3 (free) for cost optimization

Hy3 (free) pricing:
Input:$0.00/M tokens
Output:$0.00/M tokens
MiniMax M3 pricing:
Input:$0.30/M tokens
Output:$1.20/M tokens
Hy3 (free)

Tencent

69

Composite Score

Winner
MiniMax M3

MiniMax

74

Composite Score

Signal-by-Signal Comparison
MetricHy3 (free)MiniMax M3Winner
Overall Score
69
74
MiniMax M3
Rank#105#73
MiniMax M3
Quality Rank#105#73
MiniMax M3
Adoption Rank#105#73
MiniMax M3
Parameters------
Context Window262K1049K
MiniMax M3
PricingFree$0.30/$1.20/M--
Signal Scores
Capabilities
67
83
MiniMax M3
Benchmarks
68
73
MiniMax M3
Pricing
100
99
Hy3 (free)
Context window size
77
86
MiniMax M3
Recency
100
100
Hy3 (free)
Output Capacity
90
95
MiniMax M3
Benchmark Head-to-Head(1 benchmarks)
Hy3 (free): 0MiniMax M3: 0
Hy3 (free)
MiniMax M3
Normalized 0-100%
Arena Elo
-1447
Benchmark Interpretation

Our score (0-100) is driven by benchmark performance (90%) from Arena Elo ratings, MMLU, GPQA, HumanEval, SWE-bench, and 15+ standardized evaluations. Capabilities and context window serve as tiebreakers (10%). Learn more about our methodology.

Hy3 (free)Competitive

Scores 69/100 (rank #105), placing it in the top 64% of all 290 models tracked.

Raw Quality0/100
Cost Efficiency0/100
Speed0/100
MiniMax M3Strong Performer

Scores 74/100 (rank #73), placing it in the top 75% of all 290 models tracked.

Raw Quality0/100
Cost Efficiency0/100
Speed0/100

MiniMax M3 has a 5-point advantage, which typically translates to noticeably better performance on complex reasoning, code generation, and multi-step tasks.

When to Use Each Model

Choose Hy3 (free) when you need:

  • High-volume production workloads where API costs must be minimized
  • Step-by-step reasoning and chain-of-thought problem solving
  • Self-hosted deployments where you need full control over the model

Choose MiniMax M3 when you need:

  • Processing long documents or large codebases (1049K token context)
  • Multimodal workflows that require image understanding
  • Step-by-step reasoning and chain-of-thought problem solving
  • Self-hosted deployments where you need full control over the model
Cost-Performance Analysis
Hy3 (free)
Input cost$0.00/M tokens
Output cost$0.00/M tokens
Cost per quality point$0.000
Est. monthly (1M tokens/day)$0.00
MiniMax M3
Input cost$0.30/M tokens
Output cost$1.20/M tokens
Cost per quality point$0.020
Est. monthly (1M tokens/day)$22.50

Compare the cost per quality point to find the best value for your specific workload.

Latency & Speed
Hy3 (free)Faster
Speed score0/100
MiniMax M3
Speed score0/100

Both models have comparable response speeds. For most applications, the latency difference is negligible.

When latency matters most: Interactive chatbots, IDE code completion, real-time translation, and user-facing applications where response time directly impacts experience. For batch processing, background summarization, or offline analysis, latency is less critical.

Example Use Cases

Code generation & review

Based on overall model capabilities and architecture for coding tasks like generating functions, debugging, and refactoring

Hy3 (free)

Customer support chatbot

Suitable for user-facing chat with competitive response times. Hy3 (free) also offers lower per-token costs for high-volume support

Hy3 (free)

Long document analysis

Larger context window (1049K tokens) can process longer documents, contracts, and research papers in a single pass

MiniMax M3

Batch data extraction

Lower output pricing ($0.00/M) reduces costs when processing thousands of records daily

Hy3 (free)

Creative writing & content

Higher overall composite score (74/100) correlates with better nuance, coherence, and style in long-form content

MiniMax M3

Image understanding & OCR

Supports vision input - can analyze screenshots, diagrams, photos, and scanned documents directly

MiniMax M3
Which Should You Choose?
Our recommendation:
MiniMax M3

MiniMax M3 has a moderate advantage with a 5.299999999999997-point lead in composite score. It wins on more signal dimensions, but Hy3 (free) has specific strengths that could make it the better choice for certain workflows.

by Tencent

  • Choose for Quality - Marginally better benchmark scores; both are excellent
  • Choose for Cost - 100% lower pricing; better value at scale
  • Choose for Reliability - Higher uptime and faster response speeds
  • Choose for Prototyping - Stronger community support and better developer experience
  • Choose for Production - Wider enterprise adoption and proven at scale
MiniMax M3
Recommended

by MiniMax

Consider for specialized use cases.

Capability Comparison
CapabilityHy3 (free)MiniMax M3
Vision (Image Input)differs
Function Calling
Streaming
JSON Mode
Reasoning
Web Search
Image Output
Monthly Cost Calculator
1,000tokens (600 in / 400 out)
100requests/day (3,000/month)

Hy3 (free)

Tencent

Best Value
$0.000000
estimated monthly cost

MiniMax M3

MiniMax

$1.98
estimated monthly cost

Hy3 (free) saves you $1.98/month

That's 100% cheaper than MiniMax M3 at 1,000 tokens/request and 100 requests/day.

Assumes 60% input / 40% output token ratio per request. Actual costs may vary based on your usage pattern.

Parameters & Context
ParameterHy3 (free)MiniMax M3
Context Window262K1.0M
Max Output Tokens262,144512,000
Open SourceYesYes
CreatedJul 6, 2026May 31, 2026
Last updated: 37m ago

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Hy3 (free) vs MiniMax M3 (2026) | LM Market Cap