Pick Hunyuan Hy4 Preview for gpqa diamond (92.3) or terminal-bench (85.4). Pick Qwen3.8-Flash-Next for swe-bench pro (62.5, ahead of claude opus 4.6 max's 53.4) or cost efficiency: ~1/9th the training cost of qwen3.7-plus, ~12x cheaper api than flagship qwen3.8-max. On a tight budget at scale, Qwen3.8-Flash-Next is the value pick.
Hunyuan Hy4 Preview (Tencent) and Qwen3.8-Flash-Next (Alibaba) 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. Qwen3.8-Flash-Next is alibaba's open-weight preview of its next-generation Qwen4 hybrid-attention architecture, released August 26, 2026 as a 125B-parameter (6B active) MoE model priced roughly 12x below its own flagship Qwen3.8-Max. They diverge most on price and context window — each quantified below from the models' real specs.
Key differences
Price: Qwen3.8-Flash-Next is about 5.2× cheaper on input ($0.16/$0.47 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 3.8× more — 1M+ tokens (~1,500 pages) vs 262K tokens natively (extensible to 1M with YaRN) (~393 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
Specifications
Spec
Hunyuan Hy4 Preview
Qwen3.8-Flash-Next
Provider
Tencent (China)
Alibaba (China)
Released
August 28, 2026
August 26, 2026
Context window
1M+ tokens (~1,500 pages)
262K tokens natively (extensible to 1M with YaRN) (~393 pages)
Price (in/out)
$0.834/$2.501 per 1M tokens
$0.16/$0.47 per 1M tokens
Open weight?
Yes — self-hostable
Yes — self-hostable
Modalities
text
text, image, video
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 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 it is the newer of the two.
SWE-bench Multilingual (82.9): Hunyuan Hy4 Preview — Hunyuan Hy4 Preview lists sWE-bench Multilingual (82.9) among its strengths; Qwen3.8-Flash-Next does not.
SWE-bench Pro (62.5, ahead of Claude Opus 4.6 Max's 53.4): Qwen3.8-Flash-Next — Alibaba's open-weight preview of its next-generation Qwen4 hybrid-attention architecture, released August 26, 2026 as a 125B-parameter (6B active) MoE model priced roughly 12x below its own flagship Qwen3.8-Max — and it runs cheaper at $0.16/$0.47 per 1M tokens.
Cost efficiency: ~1/9th the training cost of Qwen3.7-Plus, ~12x cheaper API than flagship Qwen3.8-Max: Qwen3.8-Flash-Next — At $0.16/$0.47 per 1M tokens it undercuts Hunyuan Hy4 Preview ($0.834/$2.501 per 1M tokens), and that gap compounds at volume.
Vision-based agentic tasks (AndroidWorld: 84.5): Qwen3.8-Flash-Next — Hunyuan Hy4 Preview is comparatively weak here — text-only, no native vision support
Lowest cost at scale: Qwen3.8-Flash-Next — At $0.16/$0.47 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 3.8× larger than Qwen3.8-Flash-Next's 262K tokens natively (extensible to 1M with YaRN), fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume: Qwen3.8-Flash-Next — At $0.16/$0.47 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.
Anyone whose priority is gpqa diamond (92.3): Hunyuan Hy4 Preview — It is specifically built for that.
Anyone whose priority is swe-bench pro (62.5, ahead of claude opus 4.6 max's 53.4): Qwen3.8-Flash-Next — 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.
Qwen3.8-Flash-Next: where it fits
Alibaba's open-weight preview of its next-generation Qwen4 hybrid-attention architecture, released August 26, 2026 as a 125B-parameter (6B active) MoE model priced roughly 12x below its own flagship Qwen3.8-Max. Released August 26, 2026 by Alibaba, it is built for sWE-bench Pro (62.5, ahead of Claude Opus 4.6 Max's 53.4), cost efficiency: ~1/9th the training cost of Qwen3.7-Plus, ~12x cheaper API than flagship Qwen3.8-Max, vision-based agentic tasks (AndroidWorld: 84.5), and previews Qwen4's hybrid gated-DeltaNet plus sparse-attention architecture.
Its trade-offs: trails Claude Opus 4.6 Max on Humanity's Last Exam (35.9 vs 40.0), lower OSWorld 2.0 binary success rate (19.4%), and an open-weight architecture preview rather than Alibaba's polished flagship product. At $0.16 in / $0.47 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
Hunyuan Hy4 Preview and Qwen3.8-Flash-Next overlap enough that the right pick depends on your specific job. Qwen3.8-Flash-Next costs less per token; Hunyuan Hy4 Preview holds the larger context; and each leads in its own area — Hunyuan Hy4 Preview for gpqa diamond (92.3), Qwen3.8-Flash-Next for swe-bench pro (62.5, ahead of claude opus 4.6 max's 53.4). Rather than crowning one, run the same hard task through both once and let the results decide.
Frequently asked questions
Is Hunyuan Hy4 Preview or Qwen3.8-Flash-Next 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 Qwen3.8-Flash-Next leans toward swe-bench pro (62.5, ahead of claude opus 4.6 max's 53.4), and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Hunyuan Hy4 Preview or Qwen3.8-Flash-Next?
Qwen3.8-Flash-Next is cheaper — $0.834/$2.501 per 1M tokens vs $0.16/$0.47 per 1M tokens, roughly 5.2× apart on input.
Which has the bigger context window?
Hunyuan Hy4 Preview — 1M+ tokens vs 262K tokens natively (extensible to 1M with YaRN), about 3.8× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both Hunyuan Hy4 Preview and Qwen3.8-Flash-Next together?
Yes — a multi-model platform like LumiChats gives you Hunyuan Hy4 Preview, Qwen3.8-Flash-Next 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 Qwen3.8-Flash-Next?
Hunyuan Hy4 Preview — released August 28, 2026, about 2 days after Qwen3.8-Flash-Next.
Hunyuan Hy4 Preview vs Qwen3.8-Flash-Next
Tencent · China | Alibaba · China · Updated June 2026
Quick verdict
Pick Hunyuan Hy4 Preview for gpqa diamond (92.3) or terminal-bench (85.4). Pick Qwen3.8-Flash-Next for swe-bench pro (62.5, ahead of claude opus 4.6 max's 53.4) or cost efficiency: ~1/9th the training cost of qwen3.7-plus, ~12x cheaper api than flagship qwen3.8-max. On a tight budget at scale, Qwen3.8-Flash-Next is the value pick.
Hunyuan Hy4 Preview (Tencent) and Qwen3.8-Flash-Next (Alibaba) 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. Qwen3.8-Flash-Next is alibaba's open-weight preview of its next-generation Qwen4 hybrid-attention architecture, released August 26, 2026 as a 125B-parameter (6B active) MoE model priced roughly 12x below its own flagship Qwen3.8-Max. They diverge most on price and context window — each quantified below from the models' real specs.
Key differences at a glance
▸Price: Qwen3.8-Flash-Next is about 5.2× cheaper on input ($0.16/$0.47 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 3.8× more — 1M+ tokens (~1,500 pages) vs 262K tokens natively (extensible to 1M with YaRN) (~393 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
Side-by-side specs
Spec
Hunyuan Hy4 Preview
Qwen3.8-Flash-Next
Provider
Tencent (China)
Alibaba (China)
Released
August 28, 2026
August 26, 2026
Context window
1M+ tokens (~1,500 pages)
262K tokens natively (extensible to 1M with YaRN) (~393 pages)
Price (in/out)
$0.834/$2.501 per 1M tokens
$0.16/$0.47 per 1M tokens
Open weight?
Yes — self-hostable
Yes — self-hostable
Modalities
text
text, image, video
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 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 it is the newer of the two.
SWE-bench Multilingual (82.9)
Hunyuan Hy4 Preview
Hunyuan Hy4 Preview lists sWE-bench Multilingual (82.9) among its strengths; Qwen3.8-Flash-Next does not.
SWE-bench Pro (62.5, ahead of Claude Opus 4.6 Max's 53.4)
Qwen3.8-Flash-Next
Alibaba's open-weight preview of its next-generation Qwen4 hybrid-attention architecture, released August 26, 2026 as a 125B-parameter (6B active) MoE model priced roughly 12x below its own flagship Qwen3.8-Max — and it runs cheaper at $0.16/$0.47 per 1M tokens.
Cost efficiency: ~1/9th the training cost of Qwen3.7-Plus, ~12x cheaper API than flagship Qwen3.8-Max
Qwen3.8-Flash-Next
At $0.16/$0.47 per 1M tokens it undercuts Hunyuan Hy4 Preview ($0.834/$2.501 per 1M tokens), and that gap compounds at volume.
Vision-based agentic tasks (AndroidWorld: 84.5)
Qwen3.8-Flash-Next
Hunyuan Hy4 Preview is comparatively weak here — text-only, no native vision support
Lowest cost at scale
Qwen3.8-Flash-Next
At $0.16/$0.47 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 3.8× larger than Qwen3.8-Flash-Next's 262K tokens natively (extensible to 1M with YaRN), fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Qwen3.8-Flash-Next
At $0.16/$0.47 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.
Anyone whose priority is gpqa diamond (92.3)
→ Hunyuan Hy4 Preview
It is specifically built for that.
Anyone whose priority is swe-bench pro (62.5, ahead of claude opus 4.6 max's 53.4)
→ Qwen3.8-Flash-Next
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.
Qwen3.8-Flash-Next: where it fits
Alibaba's open-weight preview of its next-generation Qwen4 hybrid-attention architecture, released August 26, 2026 as a 125B-parameter (6B active) MoE model priced roughly 12x below its own flagship Qwen3.8-Max. Released August 26, 2026 by Alibaba, it is built for sWE-bench Pro (62.5, ahead of Claude Opus 4.6 Max's 53.4), cost efficiency: ~1/9th the training cost of Qwen3.7-Plus, ~12x cheaper API than flagship Qwen3.8-Max, vision-based agentic tasks (AndroidWorld: 84.5), and previews Qwen4's hybrid gated-DeltaNet plus sparse-attention architecture.
Its trade-offs: trails Claude Opus 4.6 Max on Humanity's Last Exam (35.9 vs 40.0), lower OSWorld 2.0 binary success rate (19.4%), and an open-weight architecture preview rather than Alibaba's polished flagship product. At $0.16 in / $0.47 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
Hunyuan Hy4 Preview and Qwen3.8-Flash-Next overlap enough that the right pick depends on your specific job. Qwen3.8-Flash-Next costs less per token; Hunyuan Hy4 Preview holds the larger context; and each leads in its own area — Hunyuan Hy4 Preview for gpqa diamond (92.3), Qwen3.8-Flash-Next for swe-bench pro (62.5, ahead of claude opus 4.6 max's 53.4). Rather than crowning one, run the same hard task through both once and let the results decide.
Want both Hunyuan Hy4 Preview and Qwen3.8-Flash-Next 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 Hunyuan Hy4 Preview or Qwen3.8-Flash-Next 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 Qwen3.8-Flash-Next leans toward swe-bench pro (62.5, ahead of claude opus 4.6 max's 53.4), and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Hunyuan Hy4 Preview or Qwen3.8-Flash-Next?
Qwen3.8-Flash-Next is cheaper — $0.834/$2.501 per 1M tokens vs $0.16/$0.47 per 1M tokens, roughly 5.2× apart on input.
Which has the bigger context window?
Hunyuan Hy4 Preview — 1M+ tokens vs 262K tokens natively (extensible to 1M with YaRN), about 3.8× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both Hunyuan Hy4 Preview and Qwen3.8-Flash-Next together?
Yes — a multi-model platform like LumiChats gives you Hunyuan Hy4 Preview, Qwen3.8-Flash-Next 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 Qwen3.8-Flash-Next?
Hunyuan Hy4 Preview — released August 28, 2026, about 2 days after Qwen3.8-Flash-Next.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.