Mistral Small 4 vs Qwen2.5 Coder 32B Instruct
Mistral Small 4 leads Qwen2.5 Coder 32B Instruct on the Artificial Analysis Intelligence Index, 11.3 to 6.7, and Mistral Small 4 costs 1.7x less per output token ($0.60 vs $1.00 per million). Updated October 21, 2026; 3 benchmarks have a result for both.
Mistral Small 4 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 Small 4 for output tokens 1.7x cheaper ($0.60 vs $1.00 per million) and a larger context window (262K against 33K tokens).
- Shared results
- 3
- Mistral Small 4 only
- 12
- Qwen2.5 Coder 32B Instruct only
- 32
- Like-for-like categories
- 2 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.
Coding
Vibe Coding Index, six public coding benchmarks
No call
Neither has a coding score yet.
One side not measured
Intelligence
AA Intelligence Index
Mistral Small 4
Mistral Small 4 leads, 11.3 against 6.7.
Same board, both measured
Agentic work
AA Agentic Index
No call
Only Mistral Small 4 has a AA Agentic Index result, 0.8.
Directional only
Long documents
Listed context window
Mistral Small 4
Mistral Small 4 takes 262K tokens against 33K.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
Mistral Small 4
Mistral Small 4 $0.0004, Qwen2.5 Coder 32B Instruct $0.0012 per turn.
List prices
At a glance
- Coding index
- Mistral Small 4 not benchmarked, Qwen2.5 Coder 32B Instruct not benchmarked.
- Widest category
- Reasoning, 20.8 points apart on average over 2 shared benchmarks.
- Widest single gap
- GPQA Diamond (Artificial Analysis run): Mistral Small 4 76.9% against Qwen2.5 Coder 32B Instruct 41.7%, 35.2 points apart on a 0 to 100 scale.
- Output price
- Mistral Small 4 $0.60 against Qwen2.5 Coder 32B Instruct $1.00 per million output tokens, 1.7x apart.
- Context window
- Mistral Small 4 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.
| Category | Mistral Small 4 | Bars | Qwen2.5 Coder 32B Instruct | Ties |
|---|---|---|---|---|
| Intelligence | 1 | 0 | ||
| Reasoning | 2 | 0 | ||
| All shared boards | 3 | 0 |
CodingDirectional onlySix of these boards feed the Vibe Coding Index10 boards, none shared
| Benchmark | Mistral Small 4 | Qwen2.5 Coder 32B Instruct | Leader |
|---|---|---|---|
| Aider polyglot | Not measured | 16.4% | Only Qwen2.5 Coder 32B Instruct measured |
| SWE-bench Verified | Not measured | 47.0% | Only Qwen2.5 Coder 32B Instruct measured |
| AA Coding Index | 26.6 | Not measured | Only Mistral Small 4 measured |
| Vibe Code Bench (Vals AI) | 0.0% | Not measured | Only Mistral Small 4 measured |
| LiveCodeBench (Artificial Analysis run) | Not measured | 29.5% | Only Qwen2.5 Coder 32B Instruct measured |
| SciCode | 38.8% | Not measured | Only Mistral Small 4 measured |
| Terminal-Bench Hard (Artificial Analysis run) | 17.4% | Not measured | Only Mistral Small 4 measured |
| ALE-Bench | 497.6 | Not measured | Only Mistral Small 4 measured |
| LMArena Text: coding | Not measured | 1276 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: software and IT | Not measured | 1261 | Only Qwen2.5 Coder 32B Instruct measured |
| Neither model has a result on the other 29 boards here | |||
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | Mistral Small 4 | Qwen2.5 Coder 32B Instruct | Leader |
|---|---|---|---|
| AA Intelligence Index | 11.3 | 6.7 | Mistral Small 4 |
| Epoch Capabilities Index | Not measured | 119.5 | Only Qwen2.5 Coder 32B Instruct measured |
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index2 boards, none shared
| Benchmark | Mistral Small 4 | Qwen2.5 Coder 32B Instruct | Leader |
|---|---|---|---|
| AA Agentic Index | 0.8 | Not measured | Only Mistral Small 4 measured |
| τ²-Bench Telecom | 41.2% | Not measured | Only Mistral Small 4 measured |
| Neither model has a result on the other 39 boards here | |||
ReasoningLike-for-likePublic boards, shown as published, kept out of the index20
| Benchmark | Mistral Small 4 | Qwen2.5 Coder 32B Instruct | Leader |
|---|---|---|---|
| GPQA Diamond (Artificial Analysis run) | 76.9% | 41.7% | Mistral Small 4 |
| Humanity's Last Exam (Artificial Analysis run) | 9.9% | 3.5% | Mistral Small 4 |
| LMArena Text: hard prompts | Not measured | 1251 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: expert | Not measured | 1221 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: hard prompts in English | Not measured | 1269 | Only Qwen2.5 Coder 32B Instruct measured |
| Kagi LLM Benchmark | 40.5% | Not measured | Only Mistral Small 4 measured |
| Neither model has a result on the other 16 boards here | |||
MathDirectional onlyPublic boards, shown as published, kept out of the index3 boards, none shared
| Benchmark | Mistral Small 4 | Qwen2.5 Coder 32B Instruct | Leader |
|---|---|---|---|
| GSM8K | Not measured | 93.0% | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: math | Not measured | 1251 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: mathematical work | Not measured | 1243 | Only Qwen2.5 Coder 32B Instruct measured |
| Neither model has a result on the other 10 boards here | |||
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index7 boards, none shared
| Benchmark | Mistral Small 4 | Qwen2.5 Coder 32B Instruct | Leader |
|---|---|---|---|
| MMLU Pro (Artificial Analysis run) | Not measured | 63.5% | Only Qwen2.5 Coder 32B Instruct measured |
| MMLU | Not measured | 79.1% | Only Qwen2.5 Coder 32B Instruct measured |
| AI2 Reasoning Challenge | Not measured | 70.5% | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: science | Not measured | 1221 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: medicine and healthcare | Not measured | 1187 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: legal and government | Not measured | 1257 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: business and finance | Not measured | 1224 | Only Qwen2.5 Coder 32B Instruct measured |
| Neither model has a result on the other 11 boards here | |||
Web designNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
| Benchmark | Mistral Small 4 | Qwen2.5 Coder 32B Instruct | Leader |
|---|---|---|---|
| Neither model has a result on 9 boards here | |||
GeneralDirectional onlyPublic boards, shown as published, kept out of the index17 boards, none shared
| Benchmark | Mistral Small 4 | Qwen2.5 Coder 32B Instruct | Leader |
|---|---|---|---|
| IFBench | 48.2% | Not measured | Only Mistral Small 4 measured |
| Long context reasoning (AA-LCR) | 49.7% | Not measured | Only Mistral Small 4 measured |
| DTBench | 70.9% | Not measured | Only Mistral Small 4 measured |
| LMCA | 20.6% | Not measured | Only Mistral Small 4 measured |
| HellaSwag | Not measured | 83.0% | Only Qwen2.5 Coder 32B Instruct measured |
| WinoGrande | Not measured | 80.8% | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text | Not measured | 1230 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: instruction following | Not measured | 1223 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: creative writing | Not measured | 1174 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: English | Not measured | 1248 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: non-English | Not measured | 1205 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: Chinese | Not measured | 1222 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: Russian | Not measured | 1228 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: multi-turn | Not measured | 1222 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: longer queries | Not measured | 1251 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: writing and language | Not measured | 1191 | Only Qwen2.5 Coder 32B Instruct measured |
| LMArena Text: entertainment and media | Not measured | 1150 | Only Qwen2.5 Coder 32B Instruct measured |
| Neither model has a result on the other 29 boards here | |||
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
| Benchmark | Mistral Small 4 | Qwen2.5 Coder 32B Instruct | Leader |
|---|---|---|---|
| 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 Small 4 costs less
Repository review
50K input + 3K output tokens
Mistral Small 4 costs less
Agent loop
200K input + 10K output tokens
Mistral Small 4 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.
| Specification | Mistral Small 4 | Qwen2.5 Coder 32B Instruct |
|---|---|---|
| Maker | Mistral AI | Qwen |
| Weights | Open weights | Open weights |
| Released | March 16, 2026 | November 11, 2024 |
| Context window | 262K | 33K |
| Input $/Mtok | $0.15 | $0.66 |
| Output $/Mtok | $0.60 | $1.00 |
| Coding index | Not benchmarked | Not benchmarked |
| Independent measurements behind it | 1 | 0 |
| Cost per solved task | Not computable | Not computable |
| Source | OpenRouter listing | OpenRouter listing |
Questions
Is Mistral Small 4 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 Small 4 for output tokens 1.7x cheaper ($0.60 vs $1.00 per million) and a larger context window (262K against 33K tokens).
Which is cheaper, Mistral Small 4 or Qwen2.5 Coder 32B Instruct?
Mistral Small 4 costs $0.15 per million input tokens and $0.60 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, Mistral Small 4 or Qwen2.5 Coder 32B Instruct?
Mistral Small 4, with 262K tokens against 33K.
How many benchmarks is the Mistral Small 4 vs Qwen2.5 Coder 32B Instruct comparison based on?
3 benchmarks have a result for both models as of October 21, 2026. Mistral Small 4'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.