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Mistral Large 3 2512 vs Qwen2.5 Coder 32B Instruct

Mistral Large 3 2512 leads Qwen2.5 Coder 32B Instruct on the Artificial Analysis Intelligence Index, 9.3 to 6.7, and Qwen2.5 Coder 32B Instruct costs 1.5x less per output token ($1.00 vs $1.50 per million). Updated October 21, 2026; 1 benchmarks have a result for both.

Mistral Large 3 2512Mistral AI
Coding
No data
Overall
No data
Output $/M
$1.50
1
Qwen2.5 Coder 32B InstructQwen
Coding
No data
Overall
No data
Output $/M
$1.00
0
vs boards won of 1 shared

Mistral Large 3 2512 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 Mistral Large 3 2512 for a larger context window (262K against 33K tokens).

Shared results
1
Mistral Large 3 2512 only
27
Qwen2.5 Coder 32B Instruct only
34
Like-for-like categories
1 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
Mistral Large 3 2512 not benchmarked, Qwen2.5 Coder 32B Instruct not benchmarked.
Widest category
Intelligence, 2.6 points apart on average over 1 shared benchmark.
Widest single gap
AA Intelligence Index: Mistral Large 3 2512 9.3 against Qwen2.5 Coder 32B Instruct 6.7, 2.6 points apart on a 0 to 100 scale.
Output price
Mistral Large 3 2512 $1.50 against Qwen2.5 Coder 32B Instruct $1.00 per million output tokens, 1.5x apart.
Context window
Mistral Large 3 2512 takes 262K 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
CategoryMistral Large 3 2512BarsQwen2.5 Coder 32B InstructTies
Intelligence10
All shared boards10
CodingDirectional onlySix of these boards feed the Vibe Coding Index9 boards, none shared
Coding benchmarks for Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 3 2512Qwen2.5 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
AA Coding Index20.1Not measuredOnly Mistral Large 3 2512 measured
LiveCodeBench (Vals AI)55.3%Not measuredOnly Mistral Large 3 2512 measured
SWE-bench Verified (Vals AI)41.4%Not measuredOnly Mistral Large 3 2512 measured
LiveCodeBench (Artificial Analysis run)Not measured29.5%Only Qwen2.5 Coder 32B Instruct measured
ALE-Bench264.7Not measuredOnly Mistral Large 3 2512 measured
LMArena Text: codingNot measured1276Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: software and ITNot measured1261Only Qwen2.5 Coder 32B Instruct measured
Neither model has a result on the other 30 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
Intelligence benchmarks for Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 3 2512Qwen2.5 Coder 32B InstructLeader
AA Intelligence Index9.36.7Mistral Large 3 2512
Epoch Capabilities IndexNot measured119.5Only Qwen2.5 Coder 32B Instruct measured
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index1 board, none shared
Agentic work benchmarks for Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 3 2512Qwen2.5 Coder 32B InstructLeader
AA Agentic Index1.0Not measuredOnly Mistral Large 3 2512 measured
Neither model has a result on the other 40 boards here
ReasoningDirectional onlyPublic boards, shown as published, kept out of the index7 boards, none shared
Reasoning benchmarks for Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 3 2512Qwen2.5 Coder 32B InstructLeader
GPQA Diamond68.4%Not measuredOnly Mistral Large 3 2512 measured
MMMU Pro (Vals AI)66.2%Not measuredOnly Mistral Large 3 2512 measured
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
LMArena Text: hard promptsNot measured1251Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: expertNot measured1221Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: hard prompts in EnglishNot measured1269Only Qwen2.5 Coder 32B Instruct measured
Neither model has a result on the other 15 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index5 boards, none shared
Math benchmarks for Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 3 2512Qwen2.5 Coder 32B InstructLeader
AIME42.9%Not measuredOnly Mistral Large 3 2512 measured
MGSM (Vals AI)85.4%Not measuredOnly Mistral Large 3 2512 measured
GSM8KNot measured93.0%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: mathNot measured1251Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: mathematical workNot measured1243Only Qwen2.5 Coder 32B Instruct measured
Neither model has a result on the other 8 boards here
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index14 boards, none shared
Knowledge benchmarks for Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 3 2512Qwen2.5 Coder 32B InstructLeader
MMLU Pro79.8%Not measuredOnly Mistral Large 3 2512 measured
LegalBench (Vals AI)79.1%Not measuredOnly Mistral Large 3 2512 measured
CaseLaw (Vals AI)61.4%Not measuredOnly Mistral Large 3 2512 measured
CorpFin (Vals AI)61.0%Not measuredOnly Mistral Large 3 2512 measured
TaxEval (Vals AI)73.1%Not measuredOnly Mistral Large 3 2512 measured
MortgageTax (Vals AI)52.1%Not measuredOnly Mistral Large 3 2512 measured
MedQA (Vals AI)82.2%Not measuredOnly Mistral Large 3 2512 measured
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: scienceNot measured1221Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: medicine and healthcareNot measured1187Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: legal and governmentNot measured1257Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: business and financeNot measured1224Only Qwen2.5 Coder 32B Instruct measured
Neither model has a result on the other 4 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
Web design benchmarks for Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 3 2512Qwen2.5 Coder 32B InstructLeader
Design Arena: websites1162Not measuredOnly Mistral Large 3 2512 measured
Design Arena: UI components1102Not measuredOnly Mistral Large 3 2512 measured
Design Arena: game dev1080Not measuredOnly Mistral Large 3 2512 measured
Design Arena: data viz1136Not measuredOnly Mistral Large 3 2512 measured
Design Arena: 3D1100Not measuredOnly Mistral Large 3 2512 measured
Design Arena: all code categories1142Not measuredOnly Mistral Large 3 2512 measured
Design Arena: SVG993Not measuredOnly Mistral Large 3 2512 measured
Design Arena: ASCII art1069Not measuredOnly Mistral Large 3 2512 measured
Neither model has a result on the other 1 board here
GeneralDirectional onlyPublic boards, shown as published, kept out of the index16 boards, none shared
General benchmarks for Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 3 2512Qwen2.5 Coder 32B InstructLeader
SAGE (Vals AI)24.6%Not measuredOnly Mistral Large 3 2512 measured
DTBench65.1%Not measuredOnly Mistral Large 3 2512 measured
LMCA16.7%Not measuredOnly Mistral Large 3 2512 measured
HellaSwagNot measured83.0%Only Qwen2.5 Coder 32B Instruct measured
WinoGrandeNot measured80.8%Only Qwen2.5 Coder 32B Instruct measured
LMArena TextNot measured1230Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: instruction followingNot measured1223Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: creative writingNot measured1174Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: EnglishNot measured1248Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: non-EnglishNot measured1205Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: ChineseNot measured1222Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: RussianNot measured1228Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: multi-turnNot measured1222Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: longer queriesNot measured1251Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: writing and languageNot measured1191Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: entertainment and mediaNot measured1150Only Qwen2.5 Coder 32B Instruct measured
Neither model has a result on the other 30 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 3 2512Qwen2.5 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

Mistral Large 3 2512$0.0013Fits in one request
Qwen2.5 Coder 32B Instruct$0.0012Fits in one request

Qwen2.5 Coder 32B Instruct costs less

Repository review

50K input + 3K output tokens

Mistral Large 3 2512$0.029Fits in one request
Qwen2.5 Coder 32B Instruct$0.036Exceeds the context window

Mistral Large 3 2512 costs less

Agent loop

200K input + 10K output tokens

Mistral Large 3 2512$0.115Fits in one request
Qwen2.5 Coder 32B Instruct$0.142Exceeds the context window

Mistral Large 3 2512 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 Mistral Large 3 2512 and Qwen2.5 Coder 32B Instruct
SpecificationMistral Large 3 2512Qwen2.5 Coder 32B Instruct
MakerMistral AIQwen
WeightsNo public weights listedOpen weights
ReleasedDecember 1, 2025November 11, 2024
Context window262K33K
Input $/Mtok$0.50$0.66
Output $/Mtok$1.50$1.00
Coding indexNot benchmarkedNot benchmarked
Independent measurements behind it10
Cost per solved task$0.77Not computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Mistral Large 3 2512 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 Mistral Large 3 2512 for a larger context window (262K against 33K tokens).

Which is cheaper, Mistral Large 3 2512 or Qwen2.5 Coder 32B Instruct?

Mistral Large 3 2512 costs $0.50 per million input tokens and $1.50 per million output tokens; Qwen2.5 Coder 32B Instruct costs $0.66 and $1.00. Cost per solved task is known for Mistral Large 3 2512 only.

Which has the bigger context window, Mistral Large 3 2512 or Qwen2.5 Coder 32B Instruct?

Mistral Large 3 2512, with 262K tokens against 33K.

How many benchmarks is the Mistral Large 3 2512 vs Qwen2.5 Coder 32B Instruct comparison based on?

1 benchmarks have a result for both models as of October 21, 2026. Mistral Large 3 2512'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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