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Mistral: Mistral Medium 3.5 vs Tencent: Hy4 preview

Tencent: Hy4 preview is 2.8× cheaper for the sample workload; Tencent: Hy4 preview has the larger context window.

MetricMistral: Mistral Medium 3.5Tencent: Hy4 preview
Model IDmistralai/mistral-medium-3-5tencent/hy4-preview
Prompt price$1.50 / 1M tokens$0.7506 / 1M tokens
Completion price$7.50 / 1M tokens$2.2509 / 1M tokens
Context262,144 tokens1,048,576 tokens
Tool calling✓✓
Structured outputs✓✓
Reasoning✓✓
Response format✓✓
Web search––
Input modalitiestext, image, filetext
Output modalitiestexttext
Added2026-04-302026-08-28

Sample workload

Chat app: 1,000 prompt + 500 completion tokens × 100 requests per day.

CostMistral: Mistral Medium 3.5Tencent: Hy4 preview
Per day$0.53$0.19
Per 30 days$15.75$5.63

Difference: $0.34 per day and $10.12 per 30 days.

Data updated 2026-11-03