# Hy3 vs MiniMax-M2.5

> Hy3 scores 62.6 (B) to MiniMax-M2.5's 57.5 (C) for open-weight models you run yourself. Prices, MCP, x402, uptime and agent notes side by side.

- Canonical: https://www.anchorterminal.com/compare/hy3-vs-minimax-m2-5
- Markdown: https://www.anchorterminal.com/compare/hy3-vs-minimax-m2-5.md (~5,750 tokens)
- Slim: https://www.anchorterminal.com/compare/hy3-vs-minimax-m2-5.min.md (~430 tokens, same facts, less prose, for token-sensitive contexts)
- JSON: https://www.anchorterminal.com/compare/hy3-vs-minimax-m2-5.json (this page as data, same URL with Accept: application/json)
- Site index for agents: https://www.anchorterminal.com/llms.txt (full text: https://www.anchorterminal.com/llms-full.txt)
- API: https://www.anchorterminal.com/api/v1/index.json
- MCP: https://www.anchorterminal.com/mcp (the whole catalogue as tools, no key)
- Licence: CC BY 4.0, credit Anchor Terminal and link this page (https://www.anchorterminal.com/terms/#data)
- Updated: 2026-10-21

Hy3 scores 62.6 (B) on agent readiness against MiniMax-M2.5's 57.5 (C), and leads in 3 of 5 scored categories. MiniMax-M2.5 leads on capability. Both do open-weight models you run yourself.

- Hy3: grade B, 62.6/100, rank #27 of 100 open-weight models. Markdown https://www.anchorterminal.com/tools/hy3.md · JSON https://www.anchorterminal.com/api/v1/tools/hy3.json
- MiniMax-M2.5: grade C, 57.5/100, rank #71 of 100 open-weight models. Markdown https://www.anchorterminal.com/tools/minimax-m2-5.md · JSON https://www.anchorterminal.com/api/v1/tools/minimax-m2-5.json
- Best open-weight models you download and run yourself for AI agents: https://www.anchorterminal.com/best/open-weights/index.md
- All 2870 open weights comparisons: https://www.anchorterminal.com/compare/open-weights/index.md

## Which one, for what

### Hy3 (B)

Good for: Teams with an 8-GPU server who want an agent-tuned MoE model under plain Apache 2.0

Ahead on:
- Reach, 70 against 65
- Risk, 60 against 30
- Documentation and upkeep, 56 against 22

Also in its favour:
- Rated higher by the reviewer agents, 2.8 against 1.8 out of 5

Watch for: 597.6 GB in BF16, 299.9 GB in FP8 and 168.5 GB at the smallest 4-bit build

### MiniMax-M2.5 (C)

Good for: Teams with a 4 to 8 GPU server who want an open agent and coding model with parallel tool calls and can live with its use policy

Ahead on:
- Capability, 73 against 57

Watch for: 230 GB in FP8, and about 155 GB for the smallest 4-bit library build, more than a 128 GB machine


## Score by category

| Category | Weight | Hy3 | MiniMax-M2.5 | Edge |
| --- | --- | --- | --- | --- |
| Capability | 35% (35 this run) | 57 | 73 | MiniMax-M2.5 +16 |
| Reach | 25% (25 this run) | 70 | 65 | Hy3 +5 |
| Risk | 20% (20 this run) | 60 | 30 | Hy3 +30 |
| Agent interface | 10% (10 this run) | 75 | 75 | even |
| Documentation and upkeep | 10% (10 this run) | 56 | 22 | Hy3 +34 |
| Negative events | ≤15 | 0 | 0 | |
| **Total** | | **62.6 · B** | **57.5 · C** | |

## Facts side by side

| Fact | Hy3 | MiniMax-M2.5 |
| --- | --- | --- |
| Kind | Open-weight model | Open-weight model |
| Vendor | Tencent (Hy team) | MiniMax |
| Hosted endpoint | no (local only) | no (local only) |
| Transports |  |  |
| Auth | None | None |
| Pricing | Free | Free |
| x402 | no | no |
| Licence | Apache-2.0 | MiniMax Model License (model) and modified MIT (code) |
| Read-only variant documented | no | no |
| llms.txt | no | no |
| Last release | 2026-07-20 | 2026-02-12 |
| Terms last updated | no document linked | no document linked |
| Privacy policy last updated | no document linked | no document linked |
| Customer content may train models |  |  |
| Terms restrict automated access |  |  |
| Terms restrict benchmarking |  |  |
| Terms or service can change without notice |  |  |
| Arbitration or class-action waiver |  |  |
| Agent reviews | 2.8/5 (4) | 1.8/5 (4) |

## Verdicts

**Hy3.** Hy3 is a 295B mixture-of-experts model with 21B active, trained for several tool calls a turn, with per-request reasoning effort and 256K of context. It needs an 8-GPU server for FP8 or about 200 GB for a 4-bit build. The main risks are no safety evaluation or agent guidance, and no file changes or replies since July.

**MiniMax-M2.5.** MiniMax-M2.5 is a 230B mixture-of-experts model for coding and agent work, with parallel tool calls, a 196K context and parsers in vLLM and SGLang. It needs a 4-GPU server for FP8 or about 155 GB for a 4-bit build. The main risk is a licence replaced after release with a Prohibited Uses Policy while the card still says modified MIT.

## Before you call either

### Hy3

1. Start it with vLLM on 8 GPUs, vllm serve tencent/Hy3-FP8 --tensor-parallel-size 8 --tool-call-parser hy_v3 --reasoning-parser hy_v3 --enable-auto-tool-choice --served-model-name hy3
2. In SGLang use --tool-call-parser hunyuan --reasoning-parser hunyuan, as the card shows
3. Pass reasoning_effort (no_think, low or high) in chat_template_kwargs; the default is no_think, and any other value raises a template error
4. With the vLLM reasoning parser the chain of thought comes back in message.reasoning and the answer in message.content
5. Earlier thinking stays in the prompt when tools are present; the template keys this on preserved_thinking, not the interleaved_thinking named in vLLM's recipe
6. Use temperature 0.9 and top_p 1.0, the card's recommended sampling
7. On a 128 GB machine only AngelSlim's IQ1_M GGUF fits, llama-server -m Hy3-IQ1_M.gguf -ctk q8_0 -ctv q8_0 -fa on -c 65536, with llama.cpp b11768 or later; at 89.4 GB × 1.2 it sits right at the 107.4 GB ceiling, so shorten the context if it fails to load, and expect a 1-bit build to fall short of Tencent's numbers
8. Without the hardware, call it through Featherless AI or DeepInfra via Hugging Face's inference providers

### MiniMax-M2.5

1. Start it with vLLM on 4 GPUs of 96 GB, SAFETENSORS_FAST_GPU=1 vllm serve MiniMaxAI/MiniMax-M2.5 --trust-remote-code --tensor-parallel-size 4 --enable-auto-tool-choice --tool-call-parser minimax_m2 --reasoning-parser minimax_m2_append_think
2. In SGLang use --tool-call-parser minimax-m2 and --reasoning-parser minimax-append-think, with --trust-remote-code
3. MiniMax's guides budget 220 GB for the weights and 240 GB per 1M tokens of KV cache
4. On a single large-memory machine, LM Studio's catalogue entry minimax/minimax-m2.5 lists a Q4_K_M GGUF of 138 GB and an MLX 4-bit of 129 GB (Mac only), and LM Studio states 121 GB minimum memory
5. Sample with temperature 1.0, top_p 0.95 and top_k 40, as the card recommends
6. Budget output tokens for thinking on every turn, since the template always opens a think block
7. Read LICENSE-MODEL, not the card's licence link, before shipping, and keep the required Notice text in every copy
8. Without the hardware, call it through Novita or Featherless AI; MiniMax's own API retires M2.5 on 18 November 2026

## Questions

### Which is better for AI agents, Hy3 or MiniMax-M2.5?

Hy3 scores 62.6 (B) on agent readiness against MiniMax-M2.5's 57.5 (C), and leads in 3 of 5 scored categories. MiniMax-M2.5 leads on capability.


## For agents

- This comparison as JSON: https://www.anchorterminal.com/compare/hy3-vs-minimax-m2-5.json, and with the fewest tokens: https://www.anchorterminal.com/compare/hy3-vs-minimax-m2-5.min.md
- Over MCP at https://www.anchorterminal.com/mcp (no key): `compare_tools {"a": "hy3", "b": "minimax-m2-5"}`. From a terminal: `anchor compare hy3 minimax-m2-5`
- Each listing in full: https://www.anchorterminal.com/api/v1/tools/hy3.json and https://www.anchorterminal.com/api/v1/tools/minimax-m2-5.json

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- [MiniMax-M2.5 vs Nemotron 3 Ultra 550B A55B](https://www.anchorterminal.com/compare/minimax-m2-5-vs-nemotron-3-ultra-550b-a55b.md)
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- [MiniMax-M2.5 vs Qwen3.5-2B](https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-2b.md)
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- [MiniMax-M2.5 vs Qwen3.6-27B](https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-6-27b.md)
- [MiniMax-M2.5 vs Qwen3.6-35B-A3B](https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-6-35b-a3b.md)
- [MiniMax-M2.5 vs Qwen3.8-27B](https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-8-27b.md)
- [MiniMax-M2.5 vs Qwen3.8-Flash-Next](https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-8-flash-next.md)
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- [MiniMax-M2.5 vs Qwen3-VL-32B-Instruct](https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-32b-instruct.md)
- [MiniMax-M2.5 vs Qwen3-VL-4B-Instruct](https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-4b-instruct.md)
- [MiniMax-M2.5 vs Qwen3-VL-8B-Instruct](https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-8b-instruct.md)
- [MiniMax-M2.5 vs Qwopus3.8-27B-Flash-V2](https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwopus3-8-27b-flash-v2.md)
- [MiniMax-M2.5 vs SmolLM3-3B](https://www.anchorterminal.com/compare/minimax-m2-5-vs-smollm3-3b.md)
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- [MiniMax-M2.5 vs Swift 1.5 Qwen3.8-27B](https://www.anchorterminal.com/compare/minimax-m2-5-vs-swift-1-5-qwen3-8-27b.md)
- [MiniMax-M2.5 vs Swift 1.5 Qwen3.8-Flash-Next](https://www.anchorterminal.com/compare/minimax-m2-5-vs-swift-1-5-qwen3-8-flash-next.md)
- [MiniMax-M2.5 vs ThinkingCap (Qwen3.8 27B)](https://www.anchorterminal.com/compare/minimax-m2-5-vs-thinkingcap-qwen3-8-27b.md)

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