Hunyuan Hy4 Preview vs Kimi K3.1 Pro
Tencent · China | Moonshot AI · China · Updated June 2026
Quick verdict
Pick Hunyuan Hy4 Preview for gpqa diamond (92.3) or terminal-bench (85.4). Pick Kimi K3.1 Pro for sparse moe with 2.8t total and about 104b active parameters, post-trained from the kimi k3 base or terminal-bench 4.0 of 65.7% (moonshot) and 67% as measured by artificial analysis. Choose Hunyuan Hy4 Preview if you need self-hosting or data privacy; Kimi K3.1 Pro if you want a managed API.
Hunyuan Hy4 Preview (Tencent) and Kimi K3.1 Pro (Moonshot AI) are two of the models people most often weigh against each other in 2026. 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. Kimi K3.1 Pro is moonshot's October 23, 2026 post-training upgrade to Kimi K3 - a 2.8T-parameter MoE at $2/$10 with open weights promised by November 4. 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: Hunyuan Hy4 Preview is about 2.4× cheaper on input ($0.834/$2.501 per 1M tokens vs $2/$10 per 1M tokens) — meaningful once you are processing millions of tokens a month.
- ▸Context window: 1M+ tokens vs 1M tokens — within a few percent of each other, so treat this as a tie and test on your own long inputs, since usable recall varies by model.
- ▸Recency: Kimi K3.1 Pro is the newer model by about 56 days (released October 23, 2026), usually meaning fresher training data and capabilities.
Side-by-side specs
| Spec | Hunyuan Hy4 Preview | Kimi K3.1 Pro |
|---|---|---|
| Provider | Tencent (China) | Moonshot AI (China) |
| Released | August 28, 2026 | October 23, 2026 |
| Context window | 1M+ tokens (~1,500 pages) | 1M tokens (~1,573 pages) |
| Price (in/out) | $0.834/$2.501 per 1M tokens | $2/$10 per 1M tokens |
| Open weight? | Yes — self-hostable | No — API only |
| Modalities | text | text, image, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
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 runs cheaper at $0.834/$2.501 per 1M tokens.
Terminal-Bench (85.4)
Hunyuan Hy4 Preview
Kimi K3.1 Pro is comparatively weak here — most benchmarks are internal or use differing harnesses; no SWE-bench Verified figure published
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 its weights are open while Kimi K3.1 Pro is API-only.
Sparse MoE with 2.8T total and about 104B active parameters, post-trained from the Kimi K3 base
Kimi K3.1 Pro
Moonshot's October 23, 2026 post-training upgrade to Kimi K3 - a 2.8T-parameter MoE at $2/$10 with open weights promised by November 4 — and it is the newer of the two.
Terminal-Bench 4.0 of 65.7% (Moonshot) and 67% as measured by Artificial Analysis
Kimi K3.1 Pro
Kimi K3.1 Pro lists terminal-Bench 4.0 of 65.7% (Moonshot) and 67% as measured by Artificial Analysis among its strengths; Hunyuan Hy4 Preview does not.
Artificial Analysis Intelligence Index of 55, second only to Claude Opus 5.5 (58) among the models AI Weekly lists
Kimi K3.1 Pro
Kimi K3.1 Pro lists artificial Analysis Intelligence Index of 55, second only to Claude Opus 5.5 (58) among the models AI Weekly lists among its strengths; Hunyuan Hy4 Preview does not.
Lowest cost at scale
Hunyuan Hy4 Preview
At $0.834/$2.501 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Hunyuan Hy4 Preview
At $0.834/$2.501 per 1M tokens it undercuts Kimi K3.1 Pro, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases
→ Kimi K3.1 Pro
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; Kimi K3.1 Pro is API-only.
Anyone whose priority is gpqa diamond (92.3)
→ Hunyuan Hy4 Preview
It is specifically built for that.
Anyone whose priority is sparse moe with 2.8t total and about 104b active parameters, post-trained from the kimi k3 base
→ Kimi K3.1 Pro
That is its strongest area.
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 are real: 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.
Kimi K3.1 Pro: where it fits
Moonshot's October 23, 2026 post-training upgrade to Kimi K3 - a 2.8T-parameter MoE at $2/$10 with open weights promised by November 4. Released October 23, 2026 by Moonshot AI, it is built for sparse MoE with 2.8T total and about 104B active parameters, post-trained from the Kimi K3 base, terminal-Bench 4.0 of 65.7% (Moonshot) and 67% as measured by Artificial Analysis, artificial Analysis Intelligence Index of 55, second only to Claude Opus 5.5 (58) among the models AI Weekly lists, and standard API price cut by a third versus K3 to $2/$10 per million tokens (Highspeed tier $4/$20).
Its trade-offs: weights promised by November 4, 2026 and not confirmed public as of November 3; license terms not yet disclosed, very high output-token use: roughly 150M output tokens across the Artificial Analysis index, self-hosting is impractical - about 1.4 TB of raw weights even at 4-bit, and most benchmarks are internal or use differing harnesses; no SWE-bench Verified figure published. At $2 in / $10 out per million tokens, it sits in the mid 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. Kimi K3.1 Pro 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 Hunyuan Hy4 Preview and Kimi K3.1 Pro 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.
See pricingFrequently asked questions
Is Hunyuan Hy4 Preview or Kimi K3.1 Pro 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 Hy4 Preview leans toward gpqa diamond (92.3) while Kimi K3.1 Pro leans toward sparse moe with 2.8t total and about 104b active parameters, post-trained from the kimi k3 base, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Hunyuan Hy4 Preview or Kimi K3.1 Pro?
Hunyuan Hy4 Preview is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while Kimi K3.1 Pro is API-metered at $2/$10 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?
Effectively neither — 1M+ tokens vs 1M tokens is a difference of a few percent. Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Hunyuan Hy4 Preview and Kimi K3.1 Pro together?
Yes — a multi-model platform like LumiChats gives you Hunyuan Hy4 Preview, Kimi K3.1 Pro 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 Hy4 Preview or Kimi K3.1 Pro?
Kimi K3.1 Pro — released October 23, 2026, about 56 days after Hunyuan Hy4 Preview.
Related comparisons
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.