Pick GPT-4o mini for very low cost per token for its capability tier or strong coding for a small model (87.2% humaneval). Pick Hunyuan Hy4 Preview for gpqa diamond (92.3) or terminal-bench (85.4). Choose Hunyuan Hy4 Preview if you need self-hosting or data privacy; GPT-4o mini if you want a managed API.
GPT-4o mini (OpenAI, US) and Hunyuan Hy4 Preview (Tencent, China) line up two different AI ecosystems against each other — a comparison that is as much about cost philosophy and openness as raw capability. GPT-4o mini is openAI's budget small multimodal model — cheap, fast text-and-vision intelligence that outscored peer small models like Gemini 1.5 Flash and Claude 3 Haiku on MMLU and HumanEval at launch. Hunyuan Hy4 Preview is tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline. They diverge most on price, context window and open vs. closed weights — each quantified below from the models' real specs.
Key differences
Price: GPT-4o mini is about 5.6× cheaper on input ($0.15/$0.6 per 1M tokens vs $0.834/$2.501 per 1M tokens) — a large enough gap that at scale it can be the single biggest line item in the decision.
Context window: Hunyuan Hy4 Preview holds 7.8× more — 1M+ tokens (~1,500 pages) vs 128K (~192 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
Recency: Hunyuan Hy4 Preview is the newer model by about 26 months (released August 28, 2026), usually meaning fresher training data and capabilities.
Ecosystem: this is a US-vs-China matchup — they differ in pricing philosophy, data-residency options, and tooling ecosystems, not only benchmarks.
Specifications
Spec
GPT-4o mini
Hunyuan Hy4 Preview
Provider
OpenAI (US)
Tencent (China)
Released
July 18, 2024
August 28, 2026
Context window
128K (~192 pages)
1M+ tokens (~1,500 pages)
Price (in/out)
$0.15/$0.6 per 1M tokens
$0.834/$2.501 per 1M tokens
Open weight?
No — API only
Yes — self-hostable
Modalities
text, image
text
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Very low cost per token for its capability tier: GPT-4o mini — At $0.15/$0.6 per 1M tokens it undercuts Hunyuan Hy4 Preview ($0.834/$2.501 per 1M tokens), and that gap compounds at volume.
Strong coding for a small model (87.2% HumanEval): GPT-4o mini — OpenAI's budget small multimodal model — cheap, fast text-and-vision intelligence that outscored peer small models like Gemini 1.5 Flash and Claude 3 Haiku on MMLU and HumanEval at launch — and it runs cheaper at $0.15/$0.6 per 1M tokens.
Leading MMLU among peer small models (82%): GPT-4o mini — GPT-4o mini lists leading MMLU among peer small models (82%) among its strengths; Hunyuan Hy4 Preview does not.
GPQA Diamond (92.3): Hunyuan Hy4 Preview — Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline — and it carries the larger 1M+ tokens context.
Terminal-Bench (85.4): Hunyuan Hy4 Preview — Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline — and its weights are open while GPT-4o mini is API-only.
SWE-bench Multilingual (82.9): Hunyuan Hy4 Preview — Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline — and it is the newer of the two.
Lowest cost at scale: GPT-4o mini — At $0.15/$0.6 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Largest single-prompt input: Hunyuan Hy4 Preview — Its 1M+ tokens window is about 7.8× larger than GPT-4o mini's 128K, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume: GPT-4o mini — At $0.15/$0.6 per 1M tokens it undercuts Hunyuan Hy4 Preview, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases: Hunyuan Hy4 Preview — Larger 1M+ tokens window fits more in one prompt.
A team with data-privacy or self-hosting needs: Hunyuan Hy4 Preview — Open weights let you run it on your own hardware; GPT-4o mini is API-only.
Anyone whose priority is very low cost per token for its capability tier: GPT-4o mini — It is specifically built for that.
Anyone whose priority is gpqa diamond (92.3): Hunyuan Hy4 Preview — That is its strongest area.
An enterprise with regional data-residency rules: GPT-4o mini or Hunyuan Hy4 Preview — Origin (US vs China) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
GPT-4o mini: where it fits
OpenAI's budget small multimodal model — cheap, fast text-and-vision intelligence that outscored peer small models like Gemini 1.5 Flash and Claude 3 Haiku on MMLU and HumanEval at launch. Released July 18, 2024 by OpenAI, it is built for very low cost per token for its capability tier, strong coding for a small model (87.2% HumanEval), leading MMLU among peer small models (82%), and text and image (vision) understanding in the API.
Its trade-offs are real: only 128K context with an October 2023 knowledge cutoff, and weaker on hard reasoning and coding than frontier models. At $0.15 in / $0.6 out per million tokens, it sits in the budget price band.
Hunyuan Hy4 Preview: where it fits
Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline. Released August 28, 2026 by Tencent, it is built for gPQA Diamond (92.3), terminal-Bench (85.4), sWE-bench Multilingual (82.9), and large jump in long-horizon coding vs prior Hunyuan model (DeepSWE 28.0 to 64.3).
Its trade-offs: text-only, no native vision support, labeled a 'preview', not yet Tencent's finalized GA flagship, and sWE-Marathon score still low in absolute terms (31.9) despite a large relative jump. At $0.834 in / $2.501 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
The defining split here is open vs. closed. Hunyuan Hy4 Preview gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. GPT-4o mini gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Frequently asked questions
Is GPT-4o mini or Hunyuan Hy4 Preview better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, GPT-4o mini leans toward very low cost per token for its capability tier while Hunyuan Hy4 Preview leans toward gpqa diamond (92.3), and that positioning usually predicts which feels better on your codebase.
Which is cheaper, GPT-4o mini or Hunyuan Hy4 Preview?
Hunyuan Hy4 Preview is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while GPT-4o mini is API-metered at $0.15/$0.6 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
Hunyuan Hy4 Preview — 1M+ tokens vs 128K, about 7.8× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both GPT-4o mini and Hunyuan Hy4 Preview together?
Yes — a multi-model platform like LumiChats gives you GPT-4o mini, Hunyuan Hy4 Preview and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, GPT-4o mini or Hunyuan Hy4 Preview?
Hunyuan Hy4 Preview — released August 28, 2026, about 26 months after GPT-4o mini.
GPT-4o mini vs Hunyuan Hy4 Preview
OpenAI · US | Tencent · China · Updated June 2026
Quick verdict
Pick GPT-4o mini for very low cost per token for its capability tier or strong coding for a small model (87.2% humaneval). Pick Hunyuan Hy4 Preview for gpqa diamond (92.3) or terminal-bench (85.4). Choose Hunyuan Hy4 Preview if you need self-hosting or data privacy; GPT-4o mini if you want a managed API.
GPT-4o mini (OpenAI, US) and Hunyuan Hy4 Preview (Tencent, China) line up two different AI ecosystems against each other — a comparison that is as much about cost philosophy and openness as raw capability. GPT-4o mini is openAI's budget small multimodal model — cheap, fast text-and-vision intelligence that outscored peer small models like Gemini 1.5 Flash and Claude 3 Haiku on MMLU and HumanEval at launch. Hunyuan Hy4 Preview is tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline. They diverge most on price, context window and open vs. closed weights — each quantified below from the models' real specs.
Key differences at a glance
▸Price: GPT-4o mini is about 5.6× cheaper on input ($0.15/$0.6 per 1M tokens vs $0.834/$2.501 per 1M tokens) — a large enough gap that at scale it can be the single biggest line item in the decision.
▸Context window: Hunyuan Hy4 Preview holds 7.8× more — 1M+ tokens (~1,500 pages) vs 128K (~192 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
▸Recency: Hunyuan Hy4 Preview is the newer model by about 26 months (released August 28, 2026), usually meaning fresher training data and capabilities.
▸Ecosystem: this is a US-vs-China matchup — they differ in pricing philosophy, data-residency options, and tooling ecosystems, not only benchmarks.
Side-by-side specs
Spec
GPT-4o mini
Hunyuan Hy4 Preview
Provider
OpenAI (US)
Tencent (China)
Released
July 18, 2024
August 28, 2026
Context window
128K (~192 pages)
1M+ tokens (~1,500 pages)
Price (in/out)
$0.15/$0.6 per 1M tokens
$0.834/$2.501 per 1M tokens
Open weight?
No — API only
Yes — self-hostable
Modalities
text, image
text
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Very low cost per token for its capability tier
GPT-4o mini
At $0.15/$0.6 per 1M tokens it undercuts Hunyuan Hy4 Preview ($0.834/$2.501 per 1M tokens), and that gap compounds at volume.
Strong coding for a small model (87.2% HumanEval)
GPT-4o mini
OpenAI's budget small multimodal model — cheap, fast text-and-vision intelligence that outscored peer small models like Gemini 1.5 Flash and Claude 3 Haiku on MMLU and HumanEval at launch — and it runs cheaper at $0.15/$0.6 per 1M tokens.
Leading MMLU among peer small models (82%)
GPT-4o mini
GPT-4o mini lists leading MMLU among peer small models (82%) among its strengths; Hunyuan Hy4 Preview does not.
GPQA Diamond (92.3)
Hunyuan Hy4 Preview
Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline — and it carries the larger 1M+ tokens context.
Terminal-Bench (85.4)
Hunyuan Hy4 Preview
Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline — and its weights are open while GPT-4o mini is API-only.
SWE-bench Multilingual (82.9)
Hunyuan Hy4 Preview
Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline — and it is the newer of the two.
Lowest cost at scale
GPT-4o mini
At $0.15/$0.6 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Largest single-prompt input
Hunyuan Hy4 Preview
Its 1M+ tokens window is about 7.8× larger than GPT-4o mini's 128K, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ GPT-4o mini
At $0.15/$0.6 per 1M tokens it undercuts Hunyuan Hy4 Preview, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases
→ Hunyuan Hy4 Preview
Larger 1M+ tokens window fits more in one prompt.
A team with data-privacy or self-hosting needs
→ Hunyuan Hy4 Preview
Open weights let you run it on your own hardware; GPT-4o mini is API-only.
Anyone whose priority is very low cost per token for its capability tier
→ GPT-4o mini
It is specifically built for that.
Anyone whose priority is gpqa diamond (92.3)
→ Hunyuan Hy4 Preview
That is its strongest area.
An enterprise with regional data-residency rules
→ GPT-4o mini or Hunyuan Hy4 Preview
Origin (US vs China) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
GPT-4o mini: where it fits
OpenAI's budget small multimodal model — cheap, fast text-and-vision intelligence that outscored peer small models like Gemini 1.5 Flash and Claude 3 Haiku on MMLU and HumanEval at launch. Released July 18, 2024 by OpenAI, it is built for very low cost per token for its capability tier, strong coding for a small model (87.2% HumanEval), leading MMLU among peer small models (82%), and text and image (vision) understanding in the API.
Its trade-offs are real: only 128K context with an October 2023 knowledge cutoff, and weaker on hard reasoning and coding than frontier models. At $0.15 in / $0.6 out per million tokens, it sits in the budget price band.
Hunyuan Hy4 Preview: where it fits
Tencent's open-sourced (Apache 2.0) next-generation Hunyuan flagship preview, released August 28, 2026 as a 770B-parameter (49B active) MoE model that helped optimize its own training pipeline. Released August 28, 2026 by Tencent, it is built for gPQA Diamond (92.3), terminal-Bench (85.4), sWE-bench Multilingual (82.9), and large jump in long-horizon coding vs prior Hunyuan model (DeepSWE 28.0 to 64.3).
Its trade-offs: text-only, no native vision support, labeled a 'preview', not yet Tencent's finalized GA flagship, and sWE-Marathon score still low in absolute terms (31.9) despite a large relative jump. At $0.834 in / $2.501 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
The defining split here is open vs. closed. Hunyuan Hy4 Preview gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. GPT-4o mini gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Want both GPT-4o mini and Hunyuan Hy4 Preview without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
Is GPT-4o mini or Hunyuan Hy4 Preview better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, GPT-4o mini leans toward very low cost per token for its capability tier while Hunyuan Hy4 Preview leans toward gpqa diamond (92.3), and that positioning usually predicts which feels better on your codebase.
Which is cheaper, GPT-4o mini or Hunyuan Hy4 Preview?
Hunyuan Hy4 Preview is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while GPT-4o mini is API-metered at $0.15/$0.6 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
Hunyuan Hy4 Preview — 1M+ tokens vs 128K, about 7.8× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both GPT-4o mini and Hunyuan Hy4 Preview together?
Yes — a multi-model platform like LumiChats gives you GPT-4o mini, Hunyuan Hy4 Preview and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, GPT-4o mini or Hunyuan Hy4 Preview?
Hunyuan Hy4 Preview — released August 28, 2026, about 26 months after GPT-4o mini.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.