Pick Hunyuan Hy3 for frontier-level reported reasoning and science (gpqa diamond 90.4) at low active-parameter cost or runs a 295b model at the cost of a 21b — only 21b parameters active per token. Pick MiMo-V2.5 for native omnimodal — strong image and video understanding or very low cost (~half the inference of the pro tier). On a tight budget at scale, Hunyuan Hy3 is the value pick.
Hunyuan Hy3 (Tencent) and MiMo-V2.5 (Xiaomi) are two of the models people most often weigh against each other in 2026. Hunyuan Hy3 is a 295B Apache-2.0 open MoE that reaches frontier reasoning quality while running at roughly 21B active-parameter cost. MiMo-V2.5 is xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. They diverge most on price and context window — each quantified below from the models' real specs.
Key differences
Context window: MiMo-V2.5 holds 3.9× more — 1M (~1,500 pages) vs 256K (~384 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 Hy3 is the newer model by about 3 months (released July 6, 2026), usually meaning fresher training data and capabilities.
Specifications
Spec
Hunyuan Hy3
MiMo-V2.5
Provider
Tencent (China)
Xiaomi (China)
Released
July 6, 2026
April 22, 2026
Context window
256K (~384 pages)
1M (~1,500 pages)
Price (in/out)
Open weight (self-host / free)
$0.14/$0.28 per 1M tokens
Open weight?
Yes — self-hostable
Yes — self-hostable
Modalities
text, code
text, image, audio, video, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Frontier-level reported reasoning and science (GPQA Diamond 90.4) at low active-parameter cost: Hunyuan Hy3 — A core design strength of Hunyuan Hy3.
Runs a 295B model at the cost of a 21B — only 21B parameters active per token: Hunyuan Hy3 — A core design strength of Hunyuan Hy3.
Clean, unrestricted Apache-2.0 license with no geographic carve-out: Hunyuan Hy3 — A core design strength of Hunyuan Hy3.
Native omnimodal — strong image and video understanding: MiMo-V2.5 — A core design strength of MiMo-V2.5.
Very low cost (~half the inference of the Pro tier): MiMo-V2.5 — A core design strength of MiMo-V2.5.
Agent-framework integration: MiMo-V2.5 — A core design strength of MiMo-V2.5.
Lowest cost at scale: Hunyuan Hy3 — At Open weight (self-host / free), it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Largest single-prompt input: MiMo-V2.5 — Its 1M window is about 3.9× larger, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume: Hunyuan Hy3 — At Open weight (self-host / free) it undercuts MiMo-V2.5, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases: MiMo-V2.5 — Larger 1M window fits more in one prompt.
Anyone whose priority is frontier-level reported reasoning and science (gpqa diamond 90.4) at low active-parameter cost: Hunyuan Hy3 — It is specifically built for that.
Anyone whose priority is native omnimodal — strong image and video understanding: MiMo-V2.5 — That is its strongest area.
Hunyuan Hy3: where it fits
A 295B Apache-2.0 open MoE that reaches frontier reasoning quality while running at roughly 21B active-parameter cost. Released July 6, 2026 by Tencent, it is built for frontier-level reported reasoning and science (GPQA Diamond 90.4) at low active-parameter cost, runs a 295B model at the cost of a 21B — only 21B parameters active per token, clean, unrestricted Apache-2.0 license with no geographic carve-out, and broad day-one ecosystem support plus an FP8 checkpoint.
Its trade-offs are real: benchmarks are largely self-reported, and the ultra-low hosted pricing is a limited promotion, and the hosted API is China-jurisdiction, and self-hosting a 295B MoE still needs serious hardware. As an open-weight model, its running cost is your own hardware rather than a per-token fee.
MiMo-V2.5: where it fits
Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. Released April 22, 2026 by Xiaomi, it is built for native omnimodal — strong image and video understanding, very low cost (~half the inference of the Pro tier), agent-framework integration, and 1M context for full documents in one pass.
Its trade-offs: not the deepest reasoning tier (see V2.5-Pro), and limited Western tooling and support. At $0.14 in / $0.28 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
Hunyuan Hy3 and MiMo-V2.5 overlap enough that the right pick depends on your specific job. Hunyuan Hy3 costs less per token; MiMo-V2.5 holds the larger context; and each leads in its own area — Hunyuan Hy3 for frontier-level reported reasoning and science (gpqa diamond 90.4) at low active-parameter cost, MiMo-V2.5 for native omnimodal — strong image and video understanding. Rather than crowning one, run the same hard task through both once and let the results decide.
Frequently asked questions
Is Hunyuan Hy3 or MiMo-V2.5 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, Hunyuan Hy3 leans toward frontier-level reported reasoning and science (gpqa diamond 90.4) at low active-parameter cost while MiMo-V2.5 leans toward native omnimodal — strong image and video understanding, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Hunyuan Hy3 or MiMo-V2.5?
Hunyuan Hy3 is cheaper — Open weight (self-host / free) vs $0.14/$0.28 per 1M tokens.
Which has the bigger context window?
MiMo-V2.5 — 1M vs 256K, about 3.9× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both Hunyuan Hy3 and MiMo-V2.5 together?
Yes — a multi-model platform like LumiChats gives you Hunyuan Hy3, MiMo-V2.5 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, Hunyuan Hy3 or MiMo-V2.5?
Hunyuan Hy3 — released July 6, 2026, about 3 months after MiMo-V2.5.
Hunyuan Hy3 vs MiMo-V2.5
Tencent · China | Xiaomi · China · Updated June 2026
Quick verdict
Pick Hunyuan Hy3 for frontier-level reported reasoning and science (gpqa diamond 90.4) at low active-parameter cost or runs a 295b model at the cost of a 21b — only 21b parameters active per token. Pick MiMo-V2.5 for native omnimodal — strong image and video understanding or very low cost (~half the inference of the pro tier). On a tight budget at scale, Hunyuan Hy3 is the value pick.
Hunyuan Hy3 (Tencent) and MiMo-V2.5 (Xiaomi) are two of the models people most often weigh against each other in 2026. Hunyuan Hy3 is a 295B Apache-2.0 open MoE that reaches frontier reasoning quality while running at roughly 21B active-parameter cost. MiMo-V2.5 is xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. They diverge most on price and context window — each quantified below from the models' real specs.
Key differences at a glance
▸Context window: MiMo-V2.5 holds 3.9× more — 1M (~1,500 pages) vs 256K (~384 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 Hy3 is the newer model by about 3 months (released July 6, 2026), usually meaning fresher training data and capabilities.
Side-by-side specs
Spec
Hunyuan Hy3
MiMo-V2.5
Provider
Tencent (China)
Xiaomi (China)
Released
July 6, 2026
April 22, 2026
Context window
256K (~384 pages)
1M (~1,500 pages)
Price (in/out)
Open weight (self-host / free)
$0.14/$0.28 per 1M tokens
Open weight?
Yes — self-hostable
Yes — self-hostable
Modalities
text, code
text, image, audio, video, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Frontier-level reported reasoning and science (GPQA Diamond 90.4) at low active-parameter cost
Hunyuan Hy3
A core design strength of Hunyuan Hy3.
Runs a 295B model at the cost of a 21B — only 21B parameters active per token
Hunyuan Hy3
A core design strength of Hunyuan Hy3.
Clean, unrestricted Apache-2.0 license with no geographic carve-out
Hunyuan Hy3
A core design strength of Hunyuan Hy3.
Native omnimodal — strong image and video understanding
MiMo-V2.5
A core design strength of MiMo-V2.5.
Very low cost (~half the inference of the Pro tier)
MiMo-V2.5
A core design strength of MiMo-V2.5.
Agent-framework integration
MiMo-V2.5
A core design strength of MiMo-V2.5.
Lowest cost at scale
Hunyuan Hy3
At Open weight (self-host / free), it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Largest single-prompt input
MiMo-V2.5
Its 1M window is about 3.9× larger, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Hunyuan Hy3
At Open weight (self-host / free) it undercuts MiMo-V2.5, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases
→ MiMo-V2.5
Larger 1M window fits more in one prompt.
Anyone whose priority is frontier-level reported reasoning and science (gpqa diamond 90.4) at low active-parameter cost
→ Hunyuan Hy3
It is specifically built for that.
Anyone whose priority is native omnimodal — strong image and video understanding
→ MiMo-V2.5
That is its strongest area.
Hunyuan Hy3: where it fits
A 295B Apache-2.0 open MoE that reaches frontier reasoning quality while running at roughly 21B active-parameter cost. Released July 6, 2026 by Tencent, it is built for frontier-level reported reasoning and science (GPQA Diamond 90.4) at low active-parameter cost, runs a 295B model at the cost of a 21B — only 21B parameters active per token, clean, unrestricted Apache-2.0 license with no geographic carve-out, and broad day-one ecosystem support plus an FP8 checkpoint.
Its trade-offs are real: benchmarks are largely self-reported, and the ultra-low hosted pricing is a limited promotion, and the hosted API is China-jurisdiction, and self-hosting a 295B MoE still needs serious hardware. As an open-weight model, its running cost is your own hardware rather than a per-token fee.
MiMo-V2.5: where it fits
Xiaomi's cheap omnimodal model — Pro-level agentic perception across image and video at a fraction of the cost. Released April 22, 2026 by Xiaomi, it is built for native omnimodal — strong image and video understanding, very low cost (~half the inference of the Pro tier), agent-framework integration, and 1M context for full documents in one pass.
Its trade-offs: not the deepest reasoning tier (see V2.5-Pro), and limited Western tooling and support. At $0.14 in / $0.28 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
Hunyuan Hy3 and MiMo-V2.5 overlap enough that the right pick depends on your specific job. Hunyuan Hy3 costs less per token; MiMo-V2.5 holds the larger context; and each leads in its own area — Hunyuan Hy3 for frontier-level reported reasoning and science (gpqa diamond 90.4) at low active-parameter cost, MiMo-V2.5 for native omnimodal — strong image and video understanding. Rather than crowning one, run the same hard task through both once and let the results decide.
Want both Hunyuan Hy3 and MiMo-V2.5 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.
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, Hunyuan Hy3 leans toward frontier-level reported reasoning and science (gpqa diamond 90.4) at low active-parameter cost while MiMo-V2.5 leans toward native omnimodal — strong image and video understanding, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Hunyuan Hy3 or MiMo-V2.5?
Hunyuan Hy3 is cheaper — Open weight (self-host / free) vs $0.14/$0.28 per 1M tokens.
Which has the bigger context window?
MiMo-V2.5 — 1M vs 256K, about 3.9× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both Hunyuan Hy3 and MiMo-V2.5 together?
Yes — a multi-model platform like LumiChats gives you Hunyuan Hy3, MiMo-V2.5 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, Hunyuan Hy3 or MiMo-V2.5?
Hunyuan Hy3 — released July 6, 2026, about 3 months after MiMo-V2.5.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.