Verdict
Built from the measurements below
- Accuracy is too close to call: Hy3 scored 58.8% and MiniMax M3 57.5% on the same 80 questions, a gap within what chance alone could produce.
- Hy3 is 2.1× cheaper per question as billed ($0.0012 vs $0.0026), reasoning tokens included.
- MiniMax M3 generates text 1.3× faster: 121 tokens per second against 96.
- MiniMax M3 starts answering sooner: 0.5 s to the first token, against 1.7 s for Hy3.
- MiniMax M3 accepts more context: 1M tokens against 262k.
Which should you choose?
Choose Hy3 for the lower cost per correct answer ($0.0021 against $0.0045). Choose MiniMax M3 for faster streaming, a quicker first token, a 1M-token context window and more hosts to choose from on OpenRouter (12 against 5).
Accuracy gap +1.3 points (z = 0.16). We call a winner only when z is at least 1.96, the usual 95% threshold. Speed, latency and price need a 10% margin.