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DeepSeek V4 Flash 0423 vs Qwen2.5 Coder 32B Instruct

DeepSeek V4 Flash 0423 leads Qwen2.5 Coder 32B Instruct on the Artificial Analysis Intelligence Index, 24.4 to 6.7, and DeepSeek V4 Flash 0423 costs 3.6x less per output token ($0.28 vs $1.00 per million). Updated October 21, 2026; 24 benchmarks have a result for both.

DeepSeek V4 Flash 0423DeepSeek
Coding
No data
Overall
No data
Output $/M
$0.28
24
Qwen2.5 Coder 32B InstructQwen
Coding
No data
Overall
No data
Output $/M
$1.00
0
vs boards won of 24 shared

DeepSeek V4 Flash 0423 or Qwen2.5 Coder 32B Instruct: which to pick

Neither model has a coding score yet, so the two cannot be ranked on coding.

Pick DeepSeek V4 Flash 0423 for output tokens 3.6x cheaper ($0.28 vs $1.00 per million) and a larger context window (1.05M against 33K tokens).

Shared results
24
DeepSeek V4 Flash 0423 only
25
Qwen2.5 Coder 32B Instruct only
11
Like-for-like categories
6 of 9

Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.

Which one for your work

Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.

At a glance

Coding index
DeepSeek V4 Flash 0423 not benchmarked, Qwen2.5 Coder 32B Instruct not benchmarked.
Widest category
Knowledge, 36.3 points apart on average over 4 shared benchmarks.
Widest single gap
LMArena Text: medicine and healthcare: DeepSeek V4 Flash 0423 1448 against Qwen2.5 Coder 32B Instruct 1187, 43.6 points apart on a 0 to 100 scale.
Output price
DeepSeek V4 Flash 0423 $0.28 against Qwen2.5 Coder 32B Instruct $1.00 per million output tokens, 3.6x apart.
Context window
DeepSeek V4 Flash 0423 takes 1.05M tokens, Qwen2.5 Coder 32B Instruct 33K.

Benchmark by benchmark

First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.

Boards won, where both have a result
CategoryDeepSeek V4 Flash 0423BarsQwen2.5 Coder 32B InstructTies
Coding20
Intelligence20
Reasoning30
Math20
Knowledge40
General110
All shared boards240
CodingLike-for-likeSix of these boards feed the Vibe Coding Index20
Coding benchmarks for DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
BenchmarkDeepSeek V4 Flash 0423Qwen2.5 Coder 32B InstructLeader
Aider polyglotNot measured16.4%Only Qwen2.5 Coder 32B Instruct measured
SWE-bench VerifiedNot measured47.0%Only Qwen2.5 Coder 32B Instruct measured
LMArena WebDev1582Not measuredOnly DeepSeek V4 Flash 0423 measured
AA Coding Index52.0Not measuredOnly DeepSeek V4 Flash 0423 measured
LiveCodeBench (Artificial Analysis run)Not measured29.5%Only Qwen2.5 Coder 32B Instruct measured
WeirdML45.6%Not measuredOnly DeepSeek V4 Flash 0423 measured
ALE-Bench678.2Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: coding14571276DeepSeek V4 Flash 0423
LMArena Text: software and IT14531261DeepSeek V4 Flash 0423
LMArena WebDev: React1585Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena WebDev: HTML1558Not measuredOnly DeepSeek V4 Flash 0423 measured
Neither model has a result on the other 28 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index20
Intelligence benchmarks for DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
BenchmarkDeepSeek V4 Flash 0423Qwen2.5 Coder 32B InstructLeader
AA Intelligence Index24.46.7DeepSeek V4 Flash 0423
Epoch Capabilities Index146.1119.5DeepSeek V4 Flash 0423
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index1 board, none shared
Agentic work benchmarks for DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
BenchmarkDeepSeek V4 Flash 0423Qwen2.5 Coder 32B InstructLeader
AA Agentic Index26.3Not measuredOnly DeepSeek V4 Flash 0423 measured
Neither model has a result on the other 40 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index30
Reasoning benchmarks for DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
BenchmarkDeepSeek V4 Flash 0423Qwen2.5 Coder 32B InstructLeader
GPQA Diamond (Artificial Analysis run)Not measured41.7%Only Qwen2.5 Coder 32B Instruct measured
Humanity's Last Exam (Artificial Analysis run)Not measured3.5%Only Qwen2.5 Coder 32B Instruct measured
SimpleBench46.3%Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: hard prompts14441251DeepSeek V4 Flash 0423
LMArena Text: expert14411221DeepSeek V4 Flash 0423
LMArena Text: hard prompts in English14491269DeepSeek V4 Flash 0423
Kagi LLM Benchmark52.2%Not measuredOnly DeepSeek V4 Flash 0423 measured
Neither model has a result on the other 15 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index20
Math benchmarks for DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
BenchmarkDeepSeek V4 Flash 0423Qwen2.5 Coder 32B InstructLeader
GSM8KNot measured93.0%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: math14261251DeepSeek V4 Flash 0423
LMArena Text: mathematical work14321243DeepSeek V4 Flash 0423
Neither model has a result on the other 10 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index40
Knowledge benchmarks for DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
BenchmarkDeepSeek V4 Flash 0423Qwen2.5 Coder 32B InstructLeader
MMLU Pro (Artificial Analysis run)Not measured63.5%Only Qwen2.5 Coder 32B Instruct measured
MMLUNot measured79.1%Only Qwen2.5 Coder 32B Instruct measured
AI2 Reasoning ChallengeNot measured70.5%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: science14461221DeepSeek V4 Flash 0423
LMArena Text: medicine and healthcare14481187DeepSeek V4 Flash 0423
LMArena Text: legal and government14391257DeepSeek V4 Flash 0423
LMArena Text: business and finance14251224DeepSeek V4 Flash 0423
Neither model has a result on the other 11 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
Web design benchmarks for DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
BenchmarkDeepSeek V4 Flash 0423Qwen2.5 Coder 32B InstructLeader
Design Arena: websites1208Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: UI components1165Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: game dev1197Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: data viz1127Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: 3D1189Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: all code categories1205Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: SVG1155Not measuredOnly DeepSeek V4 Flash 0423 measured
Design Arena: ASCII art1109Not measuredOnly DeepSeek V4 Flash 0423 measured
Neither model has a result on the other 1 board here
GeneralLike-for-likePublic boards, shown as published, kept out of the index110
General benchmarks for DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
BenchmarkDeepSeek V4 Flash 0423Qwen2.5 Coder 32B InstructLeader
DTBench86.4%Not measuredOnly DeepSeek V4 Flash 0423 measured
LMCA35.9%Not measuredOnly DeepSeek V4 Flash 0423 measured
HellaSwagNot measured83.0%Only Qwen2.5 Coder 32B Instruct measured
WinoGrandeNot measured80.8%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text14321230DeepSeek V4 Flash 0423
LMArena Text: instruction following14211223DeepSeek V4 Flash 0423
LMArena Text: creative writing14031174DeepSeek V4 Flash 0423
LMArena Text: English14411248DeepSeek V4 Flash 0423
LMArena Text: non-English14191205DeepSeek V4 Flash 0423
LMArena Text: Chinese14631222DeepSeek V4 Flash 0423
LMArena Text: German1419Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: Japanese1389Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: Korean1383Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: French1439Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: Spanish1436Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: Russian14271228DeepSeek V4 Flash 0423
LMArena Text: Polish1436Not measuredOnly DeepSeek V4 Flash 0423 measured
LMArena Text: multi-turn14491222DeepSeek V4 Flash 0423
LMArena Text: longer queries14341251DeepSeek V4 Flash 0423
LMArena Text: writing and language14101191DeepSeek V4 Flash 0423
LMArena Text: entertainment and media14001150DeepSeek V4 Flash 0423
Neither model has a result on the other 25 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
BenchmarkDeepSeek V4 Flash 0423Qwen2.5 Coder 32B InstructLeader
Neither model has a result on 5 boards here

What each workload costs

Three fixed token mixes at each model's listed price, so per-token rates become a bill.

Chat turn

1K input + 500 output tokens

DeepSeek V4 Flash 0423$0.0003Fits in one request
Qwen2.5 Coder 32B Instruct$0.0012Fits in one request

DeepSeek V4 Flash 0423 costs less

Repository review

50K input + 3K output tokens

DeepSeek V4 Flash 0423$0.0073Fits in one request
Qwen2.5 Coder 32B Instruct$0.036Exceeds the context window

DeepSeek V4 Flash 0423 costs less

Agent loop

200K input + 10K output tokens

DeepSeek V4 Flash 0423$0.029Fits in one request
Qwen2.5 Coder 32B Instruct$0.142Exceeds the context window

DeepSeek V4 Flash 0423 costs less

Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.

Specification differences

The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.

Specifications of DeepSeek V4 Flash 0423 and Qwen2.5 Coder 32B Instruct
SpecificationDeepSeek V4 Flash 0423Qwen2.5 Coder 32B Instruct
MakerDeepSeekQwen
WeightsOpen weightsOpen weights
ReleasedApril 24, 2026November 11, 2024
Context window1.05M33K
Input $/Mtok$0.13$0.66
Output $/Mtok$0.28$1.00
Coding indexNot benchmarkedNot benchmarked
Independent measurements behind it10
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is DeepSeek V4 Flash 0423 better than Qwen2.5 Coder 32B Instruct for coding?

Neither model has a coding score yet, so the two cannot be ranked on coding. Pick DeepSeek V4 Flash 0423 for output tokens 3.6x cheaper ($0.28 vs $1.00 per million) and a larger context window (1.05M against 33K tokens).

Which is cheaper, DeepSeek V4 Flash 0423 or Qwen2.5 Coder 32B Instruct?

DeepSeek V4 Flash 0423 costs $0.13 per million input tokens and $0.28 per million output tokens; Qwen2.5 Coder 32B Instruct costs $0.66 and $1.00. Cost per solved task is known for neither of them.

Which has the bigger context window, DeepSeek V4 Flash 0423 or Qwen2.5 Coder 32B Instruct?

DeepSeek V4 Flash 0423, with 1.05M tokens against 33K.

How many benchmarks is the DeepSeek V4 Flash 0423 vs Qwen2.5 Coder 32B Instruct comparison based on?

24 benchmarks have a result for both models as of October 21, 2026. DeepSeek V4 Flash 0423's coding index rests on 1 independent benchmark and Qwen2.5 Coder 32B Instruct's on 0. Where only one model has a result, the page says so instead of naming a winner.

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