AbstractDietary and predator–prey studies are more frequently relying on DNA metabarcoding methods, typically achieving results that have a better taxonomic resolution (e.g., species‐level) than previous methods. With the continuous advancement in sequencing technology, what was previously accessible only as a large, fixed structure in a laboratory, which had a limited number of users, has now advanced to a small and readily usable device. In this study, we used the gut (content and lining) from juvenile lanternfish (Hygophum) specimens to compare the short‐read sequencing capability of the portable Nanopore MinION with the Illumina MiSeq. Primers common in dietary DNA metabarcoding work (COI “Leray primers” and 18S rRNA V4 “Zhan primers”) were used, with an additional comparison of cost‐effective COI “Lobo primers” (targeting the same COI fragment) for the proficiency in species detection of a broad range of taxa. Our results indicate high congruency between sequencing machines for, not only taxonomic assignments, but also relative read abundance of the main dietary items. We also identified that Nanopore sequencing is more cost‐effective. The Lobo primers are comparable to that of Leray, but substantially reduce the primer set price without compromising detection of taxa. Using both COI and 18S broadened the taxonomic scope, providing greater prey detection. Overall, this preliminary study was successful in creating a foundation for future dietary work involving larvae and transformation stage fishes whereby the content of the gut need not be separated from the gut lining to detect prey. The Hygophum diet detected here aligns with previous research that suggests the main dietary items to be calanoid copepods, but using molecular methods, soft prey was more readily identified compared to studies using visual methods of identification of dietary items. Overall, this study found that Nanopore sequencing is suitable for short‐read DNA metabarcoding and can provide rapid access to sequencing results.