Tencent Hy3 Preview vs Mistral Small 3
Tencent Hy3 Preview (2026) and Mistral Small 3 (2025) are frontier reasoning models from Tencent AI Lab and MistralAI. Tencent Hy3 Preview ships a 262K-token context window, while Mistral Small 3 ships a 33K-token context window. This comparison covers specs, pricing, capabilities, benchmarks, provider availability, and production fit. It focuses on practical selection signals rather than broad model-family marketing. The goal is to make the tradeoff clear before deeper testing.
Tencent Hy3 Preview fits 8x more tokens; pick it for long-context work and Mistral Small 3 for tighter calls.
Decision scorecard
Local evidence first| Signal | Tencent Hy3 Preview | Mistral Small 3 |
|---|---|---|
| Decision fit | Coding, RAG, and Agents | Agents, Classification, and JSON / Tool use |
| Context window | 262K | 33K |
| Cheapest output | - | $0.3/1M tokens |
| Provider routes | 1 tracked | 1 tracked |
| Shared benchmarks | 0 rows | 0 rows |
Decision tradeoffs
- Tencent Hy3 Preview has the larger context window for long prompts, retrieval packs, or transcript analysis.
- Tencent Hy3 Preview uniquely exposes Reasoning in local model data.
- Local decision data tags Tencent Hy3 Preview for Coding, RAG, and Agents.
- Mistral Small 3 uniquely exposes Structured outputs in local model data.
- Local decision data tags Mistral Small 3 for Agents, Classification, and JSON / Tool use.
Monthly cost at traffic
Estimate token spend from the cheapest tracked input and output prices on this page.
Tencent Hy3 Preview
Unavailable
No complete token price in local provider data
Mistral Small 3
$155
Cheapest tracked route: Together AI
Cost delta unavailable until both models have sourced input and output token prices.
Switch friction
- No overlapping tracked provider route is sourced for Tencent Hy3 Preview and Mistral Small 3; plan for SDK, billing, or endpoint changes.
- Check replacement coverage for Reasoning before moving production traffic.
- Mistral Small 3 adds Structured outputs in local capability data.
- No overlapping tracked provider route is sourced for Mistral Small 3 and Tencent Hy3 Preview; plan for SDK, billing, or endpoint changes.
- Check replacement coverage for Structured outputs before moving production traffic.
- Tencent Hy3 Preview adds Reasoning in local capability data.
Specs
| Specification | ||
|---|---|---|
| Released | 2026-04-22 | 2025-01-01 |
| Context window | 262K | 33K |
| Parameters | 295B | — |
| Architecture | dense moe hybrid | decoder only |
| License | Proprietary | Open Source |
| Knowledge cutoff | - | - |
Pricing and availability
| Pricing attribute | Tencent Hy3 Preview | Mistral Small 3 |
|---|---|---|
| Input price | - | $0.1/1M tokens |
| Output price | - | $0.3/1M tokens |
| Providers |
Capabilities
| Capability | Tencent Hy3 Preview | Mistral Small 3 |
|---|---|---|
| Vision | No | No |
| Multimodal | No | No |
| Reasoning | Yes | No |
| Function calling | Yes | Yes |
| Tool use | Yes | Yes |
| Structured outputs | No | Yes |
| Code execution | No | No |
Benchmarks
No shared benchmark rows are currently sourced for this pair.
Deep dive
The capability footprint differs most on reasoning mode: Tencent Hy3 Preview and structured outputs: Mistral Small 3. Both models share function calling and tool use, so the practical split is not just feature count. Use those differences to decide whether the page is about raw model quality, agentic coding support, multimodal ingestion, or predictable structured API behavior.
Pricing coverage is uneven: Tencent Hy3 Preview has no token price sourced yet and Mistral Small 3 has $0.1/1M input tokens. Provider availability is 1 tracked routes versus 1. Treat unknown pricing as an integration gap, then verify the route you will actually call before estimating production spend.
Choose Tencent Hy3 Preview when reasoning depth and larger context windows are central to the workload. Choose Mistral Small 3 when provider fit are more important. For production, rerun your own prompts through the exact provider, region, and tool stack you plan to ship. This keeps the decision grounded in measurable tradeoffs instead of brand-level assumptions. It also helps separate model capability from provider packaging, which can change cost and latency. For teams standardizing a stack, that distinction is often the difference between a benchmark win and a reliable deployment.
FAQ
Which has a larger context window, Tencent Hy3 Preview or Mistral Small 3?
Tencent Hy3 Preview supports 262K tokens, while Mistral Small 3 supports 33K tokens. That gap matters most for long documents, large codebases, retrieval-heavy agents, and conversations where earlier context must remain visible.
Is Tencent Hy3 Preview or Mistral Small 3 open source?
Tencent Hy3 Preview is listed under Proprietary. Mistral Small 3 is listed under Open Source. License labels affect whether you can self-host, redistribute weights, or rely only on hosted APIs, so confirm the upstream license before deployment.
Which is better for reasoning mode, Tencent Hy3 Preview or Mistral Small 3?
Tencent Hy3 Preview has the clearer documented reasoning mode signal in this comparison. If reasoning mode is mission-critical, validate it against the provider endpoint because model-level support and API-level exposure can differ.
Which is better for function calling, Tencent Hy3 Preview or Mistral Small 3?
Both Tencent Hy3 Preview and Mistral Small 3 expose function calling. The better choice depends on benchmark fit, context budget, pricing, and whether your provider route exposes the same capability surface.
Which is better for tool use, Tencent Hy3 Preview or Mistral Small 3?
Both Tencent Hy3 Preview and Mistral Small 3 expose tool use. The better choice depends on benchmark fit, context budget, pricing, and whether your provider route exposes the same capability surface.
Where can I run Tencent Hy3 Preview and Mistral Small 3?
Tencent Hy3 Preview is available on OpenRouter. Mistral Small 3 is available on Together AI. Provider coverage can affect latency, region availability, compliance posture, and fallback options. Use this as a quick comparison signal, then confirm the provider-specific limits before committing to production.
Continue comparing
Last reviewed: 2026-05-14. Data sourced from public model cards and provider documentation.