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Qwen2.5 Coder 32B Instruct vs Step 5 Preview

Step 5 Preview leads Qwen2.5 Coder 32B Instruct on the Artificial Analysis Intelligence Index, 43.7 to 6.7, and Qwen2.5 Coder 32B Instruct costs 2.7x less per output token ($1.00 vs $2.70 per million). Updated October 22, 2026; 24 benchmarks have a result for both.

Qwen2.5 Coder 32B InstructQwen
Coding
No data
Overall
No data
Output $/M
$1.00
0
Step 5 PreviewStepFun
Coding
61.1
Overall
60.5
Output $/M
$2.70
24
vs boards won of 24 shared

Qwen2.5 Coder 32B Instruct or Step 5 Preview: which to pick

Only Step 5 Preview has a coding score, 61.1 on the Vibe Coding Index; Qwen2.5 Coder 32B Instruct has none, so the two cannot be ranked on coding.

Pick Qwen2.5 Coder 32B Instruct for output tokens 2.7x cheaper ($1.00 vs $2.70 per million).

Shared results
24
Qwen2.5 Coder 32B Instruct only
11
Step 5 Preview only
37
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
Qwen2.5 Coder 32B Instruct not benchmarked, Step 5 Preview 61.1 from 4 benchmarks.
Widest category
Reasoning, 38.2 points apart on average over 4 shared benchmarks.
Widest single gap
LMArena Text: Chinese: Qwen2.5 Coder 32B Instruct 1222 against Step 5 Preview 1500, 46.3 points apart on a 0 to 100 scale.
Output price
Qwen2.5 Coder 32B Instruct $1.00 against Step 5 Preview $2.70 per million output tokens, 2.7x apart.
Context window
Qwen2.5 Coder 32B Instruct takes 33K tokens, Step 5 Preview 1.05M.

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
CategoryQwen2.5 Coder 32B InstructBarsStep 5 PreviewTies
Coding02
Intelligence01
Reasoning04
Math02
Knowledge04
General011
All shared boards024
CodingLike-for-likeSix of these boards feed the Vibe Coding Index02
Coding benchmarks for Qwen2.5 Coder 32B Instruct and Step 5 Preview
BenchmarkQwen2.5 Coder 32B InstructStep 5 PreviewLeader
Aider polyglot16.4%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
SWE-bench Verified47.0%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LiveBench codingNot measured85.6%Only Step 5 Preview measured
LMArena WebDevNot measured1567Only Step 5 Preview measured
Terminal-Bench 4 (Vals AI)Not measured31.8%Only Step 5 Preview measured
Vibe Code Bench (Vals AI)Not measured70.4%Only Step 5 Preview measured
Code migration (Vals AI)Not measured39.0%Only Step 5 Preview measured
IOI (Vals AI)Not measured38.1%Only Step 5 Preview measured
SWE-bench Multimodal (Vals AI)Not measured40.8%Only Step 5 Preview measured
LiveCodeBench (Artificial Analysis run)29.5%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
SciCodeNot measured58.9%Only Step 5 Preview measured
LMArena Text: coding12761485Step 5 Preview
LMArena Text: software and IT12611473Step 5 Preview
LMArena WebDev: ReactNot measured1583Only Step 5 Preview measured
LMArena WebDev: HTMLNot measured1556Only Step 5 Preview measured
LMArena WebDev: from an imageNot measured1550Only Step 5 Preview measured
Neither model has a result on the other 23 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
Intelligence benchmarks for Qwen2.5 Coder 32B Instruct and Step 5 Preview
BenchmarkQwen2.5 Coder 32B InstructStep 5 PreviewLeader
AA Intelligence Index6.743.7Step 5 Preview
Epoch Capabilities Index119.5Not measuredOnly Qwen2.5 Coder 32B Instruct measured
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index11 boards, none shared
Agentic work benchmarks for Qwen2.5 Coder 32B Instruct and Step 5 Preview
BenchmarkQwen2.5 Coder 32B InstructStep 5 PreviewLeader
LiveBench researchNot measured72.8%Only Step 5 Preview measured
LiveBench browserNot measured24.0%Only Step 5 Preview measured
LiveBench long agenticNot measured27.5%Only Step 5 Preview measured
SREBench (Vals AI)Not measured0.4%Only Step 5 Preview measured
Finance Agent (Vals AI)Not measured50.7%Only Step 5 Preview measured
Tax Agent Bench (Vals AI)Not measured27.3%Only Step 5 Preview measured
Legal Research Bench (Vals AI)Not measured40.4%Only Step 5 Preview measured
Excel Modeling Benchmark (Vals AI)Not measured57.1%Only Step 5 Preview measured
BioMysteryBench (Vals AI)Not measured67.4%Only Step 5 Preview measured
Terminal-Bench-Science (Vals AI)Not measured2.9%Only Step 5 Preview measured
Vals Science IndexNot measured29.6%Only Step 5 Preview measured
Neither model has a result on the other 30 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index04
Reasoning benchmarks for Qwen2.5 Coder 32B Instruct and Step 5 Preview
BenchmarkQwen2.5 Coder 32B InstructStep 5 PreviewLeader
LiveBench reasoningNot measured83.8%Only Step 5 Preview measured
MysteryMechanism (Vals AI)Not measured18.5%Only Step 5 Preview measured
GPQA Diamond (Artificial Analysis run)41.7%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
Humanity's Last Exam (Artificial Analysis run)3.5%46.5%Step 5 Preview
LMArena Text: hard prompts12511461Step 5 Preview
LMArena Text: expert12211485Step 5 Preview
LMArena Text: hard prompts in English12691454Step 5 Preview
LMArena Vision: diagramsNot measured1308Only Step 5 Preview measured
LMArena Vision: homeworkNot measured1265Only Step 5 Preview measured
Neither model has a result on the other 13 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index02
Math benchmarks for Qwen2.5 Coder 32B Instruct and Step 5 Preview
BenchmarkQwen2.5 Coder 32B InstructStep 5 PreviewLeader
ProofBenchNot measured42.0%Only Step 5 Preview measured
GSM8K93.0%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: math12511458Step 5 Preview
LMArena Text: mathematical work12431460Step 5 Preview
Neither model has a result on the other 9 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index04
Knowledge benchmarks for Qwen2.5 Coder 32B Instruct and Step 5 Preview
BenchmarkQwen2.5 Coder 32B InstructStep 5 PreviewLeader
MMLU Pro (Artificial Analysis run)63.5%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
MMLU79.1%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
AI2 Reasoning Challenge70.5%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: science12211454Step 5 Preview
LMArena Text: medicine and healthcare11871439Step 5 Preview
LMArena Text: legal and government12571437Step 5 Preview
LMArena Text: business and finance12241435Step 5 Preview
Neither model has a result on the other 11 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index1 board, none shared
Web design benchmarks for Qwen2.5 Coder 32B Instruct and Step 5 Preview
BenchmarkQwen2.5 Coder 32B InstructStep 5 PreviewLeader
LiveBench designNot measured76.9%Only Step 5 Preview measured
Neither model has a result on the other 8 boards here
GeneralLike-for-likePublic boards, shown as published, kept out of the index011
General benchmarks for Qwen2.5 Coder 32B Instruct and Step 5 Preview
BenchmarkQwen2.5 Coder 32B InstructStep 5 PreviewLeader
LiveBench data analysisNot measured63.5%Only Step 5 Preview measured
Public Benefits Bench (Vals AI)Not measured58.1%Only Step 5 Preview measured
Long context reasoning (AA-LCR)Not measured88.3%Only Step 5 Preview measured
HellaSwag83.0%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
WinoGrande80.8%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text12301440Step 5 Preview
LMArena Text: instruction following12231438Step 5 Preview
LMArena Text: creative writing11741409Step 5 Preview
LMArena VisionNot measured1265Only Step 5 Preview measured
LMArena Text: English12481447Step 5 Preview
LMArena Text: non-English12051428Step 5 Preview
LMArena Text: Chinese12221500Step 5 Preview
LMArena Text: JapaneseNot measured1383Only Step 5 Preview measured
LMArena Text: FrenchNot measured1438Only Step 5 Preview measured
LMArena Text: SpanishNot measured1441Only Step 5 Preview measured
LMArena Text: Russian12281433Step 5 Preview
LMArena Text: multi-turn12221437Step 5 Preview
LMArena Text: longer queries12511449Step 5 Preview
LMArena Text: writing and language11911425Step 5 Preview
LMArena Text: entertainment and media11501412Step 5 Preview
LMArena Vision: EnglishNot measured1290Only Step 5 Preview measured
LMArena Vision: reading textNot measured1282Only Step 5 Preview measured
Neither model has a result on the other 24 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Qwen2.5 Coder 32B Instruct and Step 5 Preview
BenchmarkQwen2.5 Coder 32B InstructStep 5 PreviewLeader
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

Qwen2.5 Coder 32B Instruct$0.0012Fits in one request
Step 5 Preview$0.0024Fits in one request

Qwen2.5 Coder 32B Instruct costs less

Repository review

50K input + 3K output tokens

Qwen2.5 Coder 32B Instruct$0.036Exceeds the context window
Step 5 Preview$0.058Fits in one request

Qwen2.5 Coder 32B Instruct costs less

Agent loop

200K input + 10K output tokens

Qwen2.5 Coder 32B Instruct$0.142Exceeds the context window
Step 5 Preview$0.227Fits in one request

Qwen2.5 Coder 32B Instruct 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 Qwen2.5 Coder 32B Instruct and Step 5 Preview
SpecificationQwen2.5 Coder 32B InstructStepFun Step 5 Preview
MakerQwenStepFun
WeightsOpen weightsOpen weights
ReleasedNovember 11, 2024October 8, 2026
Context window33K1.05M
Input $/Mtok$0.66$1.00
Output $/Mtok$1.00$2.70
Coding indexNot benchmarked61.1
Independent measurements behind it04
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Qwen2.5 Coder 32B Instruct better than Step 5 Preview for coding?

Only Step 5 Preview has a coding score, 61.1 on the Vibe Coding Index; Qwen2.5 Coder 32B Instruct has none, so the two cannot be ranked on coding. Pick Qwen2.5 Coder 32B Instruct for output tokens 2.7x cheaper ($1.00 vs $2.70 per million).

Which is cheaper, Qwen2.5 Coder 32B Instruct or Step 5 Preview?

Qwen2.5 Coder 32B Instruct costs $0.66 per million input tokens and $1.00 per million output tokens; Step 5 Preview costs $1.00 and $2.70. Cost per solved task is known for neither of them.

Which has the bigger context window, Qwen2.5 Coder 32B Instruct or Step 5 Preview?

Step 5 Preview, with 1.05M tokens against 33K.

How many benchmarks is the Qwen2.5 Coder 32B Instruct vs Step 5 Preview comparison based on?

24 benchmarks have a result for both models as of October 22, 2026. Qwen2.5 Coder 32B Instruct's coding index rests on 0 independent benchmarks and Step 5 Preview's on 4. Where only one model has a result, the page says so instead of naming a winner.

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