Which should you pick?
Hailuo 02 is the cheaper job: 32-768 credits against 40-80 credits for Luma Ray 2 720p. Those are the credits one complete generation costs, not a headline rate, so they are directly comparable even though the two models bill differently.
At their most expensive settings the gap widens: Hailuo 02 tops out at 768 credits a job versus 80, driven by clip length.
Hailuo 02 supports up to 1080p, the higher of the two.
Hailuo 02 holds the stronger leaderboard position (#33 in image to video against #43 in image to video). Those are two different leaderboards unless the category matches — Versely ranks each capability separately.
Luma Ray 2 720p supports more aspect ratios (7: 1:1, 3:4, 4:3, 9:16, 16:9, 9:21, 21:9), giving it more format flexibility.
What a job costs
Luma Ray 2 720p
40-80 credits
It bills per 5 seconds of output, and the price moves with clip length.
- Price40 credits
Hailuo 02
32-768 credits
It bills per second of output, and the price moves with clip length.
- Price7 credits
All figures are Versely credits. Your plan's credit allowance is on the pricing page.
Spec comparison
| Spec | Luma Ray 2 720p | Hailuo 02 |
|---|---|---|
| Provider | Luma | Hailuo |
| Cost per job | 40-80 credits | 32-768 credits |
| Billing | per 5 seconds of output | per second of output |
| Max resolution | 720p | 1080p |
| Aspect ratios | 1:1, 3:4, 4:3, 9:16, 16:9, 9:21, 21:9 | — |
| Durations | 5s, 9s | — |
| Frame rates | 24fps, 30fps | — |
| Qualities | 720p | — |
| Requires starting image | No | No |
| Accepts video input | No | No |
| Reference images | — | — |
| Leaderboard | #43 in image to video | #33 in image to video |
| Released | Jan 15, 2025 | Jun 18, 2025 |
What each one does that the other doesn't
Only Luma Ray 2 720p
720p, luma, ray
Only Hailuo 02
creative, artistic, unique
Both list: text to video.
Leaderboard positions
Versely ranks each capability on its own leaderboard, so a position is only comparable between two models within the same row.
Luma Ray 2 720p
- Image to video#43
Hailuo 02
- Image to video#33
Frequently asked questions
Which is cheaper, Luma Ray 2 720p or Hailuo 02?+
Hailuo 02 is cheaper per job: 32-768 credits against 40-80 credits for Luma Ray 2 720p.
What can Luma Ray 2 720p do that Hailuo 02 can't, or vice versa?+
Only Luma Ray 2 720p lists 720p, luma, ray. Only Hailuo 02 lists creative, artistic, unique. Both list text to video.
How do Luma Ray 2 720p and Hailuo 02 bill?+
Luma Ray 2 720p bills per 5 seconds of output, and its price moves with clip length. Hailuo 02 bills per second of output, and its price moves with clip length. Both are charged in Versely credits.
Which has higher output resolution, Luma Ray 2 720p or Hailuo 02?+
Hailuo 02 supports higher output (1080p against 720p).
Which ranks higher, Luma Ray 2 720p or Hailuo 02?+
Luma Ray 2 720p sits at #43 in image to video and Hailuo 02 at #33 in image to video on Versely's live model rankings. Versely ranks each capability on its own leaderboard, so those positions are only a direct comparison when the category is the same.
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