Hy4 vs Kimi K2.7 Code
Pricing, context window and real answers (November 2026)
Hy4 (Tencent) and Kimi K2.7 Code (Moonshot), compared as you can actually call them on FastMetal. Both are served from the same OpenAI-compatible endpoint and API key; switching is a change to the model string.
Specs and pricing
 Hy4 |  Kimi K2.7 Code | |
|---|---|---|
| Provider | Tencent | Moonshot |
| Input (per 1M tokens) | $0.8799 | $0.3505 |
| Output (per 1M tokens) | $2.64 | $3.38 |
| Typical cost (1,000 in + 500 out tokens × 1,000 calls) | $2.20 | $2.04 |
| Context window | 1,000,000 tokens | 262,144 tokens |
| Release date | 11/4/2026 | 6/12/2026 |
| Input modalities | text | text, image |
| Throughput (p50) | — | 106 tokens/s (n=27) |
| Arena · overall | Unranked | Unranked |
| Arena · Japanese | Unranked | Unranked |
| Arena · coding | Unranked | Unranked |
Prices are FastMetal's rates, before tax.
Rankings: LMArena leaderboard dataset (lmarena-ai/leaderboard-dataset), CC BY 4.0, snapshot 2026-10-28; category names mapped and ratings rounded by FastMetal.
Which should you pick?
- On price, Hy4: $2.64 per 1M output tokens, 22% less than Kimi K2.7 Code.
- For long documents, Hy4: a 1,000,000-token context window against 262,144 for Kimi K2.7 Code.
- If in doubt, try both on the same key. Switching is a change to the model string, and each is billed at its own rate.
Frequently asked questions
- Which is cheaper, Hy4 or Kimi K2.7 Code?
- Per 1M output tokens, Hy4 is $2.64 and Kimi K2.7 Code is $3.38 on FastMetal (US dollars, before tax), so Hy4 is cheaper.
- How do the context windows of Hy4 and Kimi K2.7 Code compare?
- Hy4 takes 1,000,000 tokens; Kimi K2.7 Code takes 262,144.
- Can I use Hy4 and Kimi K2.7 Code with the same API key?
- Yes. On FastMetal's OpenAI-compatible endpoint, switch by passing "hy4" or "japan-kimi-k2.7-code" as the model. Each is billed at its own rate from the same prepaid balance.
Try both on one API key
Create an account and add credit to call Hy4 and Kimi K2.7 Code from the browser chat and the API. No monthly fee.