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Qwen2.5 Coder 32B Instruct vs Hy4 preview

Qwen2.5 Coder 32B Instruct costs 2.5x less per output token than Hy4 preview ($1.00 vs $2.501 per million). Updated October 22, 2026; no benchmark has tested both models yet.

Qwen2.5 Coder 32B InstructQwen
Coding
No data
Overall
No data
Output $/M
$1.00
Hy4 previewTencent
Coding
44.3
Overall
No data
Output $/M
$2.501
vs $1.00 vs $2.501 per 1M output tokens. Qwen2.5 Coder 32B Instruct is 2.5x cheaper.

Qwen2.5 Coder 32B Instruct or Hy4 preview: which to pick

Only Hy4 preview has a coding score, 44.3 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 2.5x cheaper ($1.00 vs $2.501 per million).

No benchmark has tested both yet. Qwen2.5 Coder 32B Instruct has results on Aider polyglot, SWE-bench Verified and LiveCodeBench (Artificial Analysis run); Hy4 preview on LMArena WebDev, Terminal-Bench 4 (Vals AI) and Vibe Code Bench (Vals AI). Compare them on price and context instead.

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, Hy4 preview 44.3 from 3 benchmarks.
Widest category
None yet: no category has been tested on both models.
Widest single gap
None yet: no benchmark has tested both models.
Output price
Qwen2.5 Coder 32B Instruct $1.00 against Hy4 preview $2.501 per million output tokens, 2.5x apart.
Context window
Qwen2.5 Coder 32B Instruct takes 33K tokens, Hy4 preview 1.05M.

Benchmark by benchmark

Every board either model has a result on, a category to a fold; bars are each result on a 0 to 100 scale. Only one model is measured on each, so no row names a leader.

CodingDirectional onlySix of these boards feed the Vibe Coding Index15 boards measured
Coding benchmarks for Qwen2.5 Coder 32B Instruct and Hy4 preview
BenchmarkQwen2.5 Coder 32B InstructHy4 previewLeader
Aider polyglot16.4%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
SWE-bench Verified47.0%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena WebDevNot measured1631Only Hy4 preview measured
Terminal-Bench 4 (Vals AI)Not measured8.1%Only Hy4 preview measured
Vibe Code Bench (Vals AI)Not measured77.5%Only Hy4 preview measured
Code migration (Vals AI)Not measured47.4%Only Hy4 preview measured
ProgramBench (Vals AI)Not measured0.0%Only Hy4 preview measured
IOI (Vals AI)Not measured59.3%Only Hy4 preview measured
Terminal-Bench 2.1 (Vals AI)Not measured55.1%Only Hy4 preview measured
CyberBench (Vals AI)Not measured65.4%Only Hy4 preview measured
LiveCodeBench (Artificial Analysis run)29.5%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: coding1276Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: software and IT1261Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena WebDev: ReactNot measured1653Only Hy4 preview measured
LMArena WebDev: HTMLNot measured1620Only Hy4 preview measured
Neither model has a result on the other 24 boards here
IntelligenceDirectional onlyPublic boards, shown as published, kept out of the index2 boards measured
Intelligence benchmarks for Qwen2.5 Coder 32B Instruct and Hy4 preview
BenchmarkQwen2.5 Coder 32B InstructHy4 previewLeader
AA Intelligence Index6.7Not measuredOnly Qwen2.5 Coder 32B Instruct measured
Epoch Capabilities Index119.5Not measuredOnly Qwen2.5 Coder 32B Instruct measured
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index8 boards measured
Agentic work benchmarks for Qwen2.5 Coder 32B Instruct and Hy4 preview
BenchmarkQwen2.5 Coder 32B InstructHy4 previewLeader
SREBench (Vals AI)Not measured2.3%Only Hy4 preview measured
Finance Agent (Vals AI)Not measured55.1%Only Hy4 preview measured
Tax Agent Bench (Vals AI)Not measured32.6%Only Hy4 preview measured
Legal Research Bench (Vals AI)Not measured45.2%Only Hy4 preview measured
Harvey's Legal Agent Benchmark (Vals AI)Not measured8.8%Only Hy4 preview measured
Excel Modeling Benchmark (Vals AI)Not measured58.1%Only Hy4 preview measured
BioMysteryBench (Vals AI)Not measured69.3%Only Hy4 preview measured
Terminal-Bench-Science (Vals AI)Not measured1.4%Only Hy4 preview measured
Neither model has a result on the other 33 boards here
ReasoningDirectional onlyPublic boards, shown as published, kept out of the index5 boards measured
Reasoning benchmarks for Qwen2.5 Coder 32B Instruct and Hy4 preview
BenchmarkQwen2.5 Coder 32B InstructHy4 previewLeader
GPQA Diamond (Artificial Analysis run)41.7%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
Humanity's Last Exam (Artificial Analysis run)3.5%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: hard prompts1251Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: expert1221Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: hard prompts in English1269Not measuredOnly Qwen2.5 Coder 32B Instruct measured
Neither model has a result on the other 17 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index4 boards measured
Math benchmarks for Qwen2.5 Coder 32B Instruct and Hy4 preview
BenchmarkQwen2.5 Coder 32B InstructHy4 previewLeader
ProofBenchNot measured75.0%Only Hy4 preview measured
GSM8K93.0%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: math1251Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: mathematical work1243Not measuredOnly Qwen2.5 Coder 32B Instruct measured
Neither model has a result on the other 9 boards here
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index9 boards measured
Knowledge benchmarks for Qwen2.5 Coder 32B Instruct and Hy4 preview
BenchmarkQwen2.5 Coder 32B InstructHy4 previewLeader
LegalBench (Vals AI)Not measured83.8%Only Hy4 preview measured
MedCode (Vals AI)Not measured43.3%Only Hy4 preview measured
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: science1221Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: medicine and healthcare1187Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: legal and government1257Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: business and finance1224Not measuredOnly Qwen2.5 Coder 32B Instruct measured
Neither model has a result on the other 9 boards here
GeneralDirectional onlyPublic boards, shown as published, kept out of the index16 boards measured
General benchmarks for Qwen2.5 Coder 32B Instruct and Hy4 preview
BenchmarkQwen2.5 Coder 32B InstructHy4 previewLeader
Vals IndexNot measured53.2%Only Hy4 preview measured
Public Benefits Bench (Vals AI)Not measured68.6%Only Hy4 preview measured
MedScribe (Vals AI)Not measured83.6%Only Hy4 preview measured
HellaSwag83.0%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
WinoGrande80.8%Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text1230Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: instruction following1223Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: creative writing1174Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: English1248Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: non-English1205Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: Chinese1222Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: Russian1228Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: multi-turn1222Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: longer queries1251Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: writing and language1191Not measuredOnly Qwen2.5 Coder 32B Instruct measured
LMArena Text: entertainment and media1150Not measuredOnly Qwen2.5 Coder 32B Instruct measured
Neither model has a result on the other 30 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
Hy4 preview$0.0021Fits 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
Hy4 preview$0.049Fits 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
Hy4 preview$0.192Fits 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 Hy4 preview
SpecificationQwen2.5 Coder 32B InstructTencent Hy4 preview
MakerQwenTencent
WeightsOpen weightsOpen weights
ReleasedNovember 11, 2024August 28, 2026
Context window33K1.05M
Input $/Mtok$0.66$0.834
Output $/Mtok$1.00$2.501
Coding indexNot benchmarked44.3
Independent measurements behind it03
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Qwen2.5 Coder 32B Instruct better than Hy4 preview for coding?

Only Hy4 preview has a coding score, 44.3 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 2.5x cheaper ($1.00 vs $2.501 per million).

Which is cheaper, Qwen2.5 Coder 32B Instruct or Hy4 preview?

Qwen2.5 Coder 32B Instruct costs $0.66 per million input tokens and $1.00 per million output tokens; Hy4 preview costs $0.834 and $2.501. Cost per solved task is known for neither of them.

Which has the bigger context window, Qwen2.5 Coder 32B Instruct or Hy4 preview?

Hy4 preview, with 1.05M tokens against 33K.

Has any benchmark tested both Qwen2.5 Coder 32B Instruct and Hy4 preview?

No benchmark has tested both yet. Qwen2.5 Coder 32B Instruct has results on Aider polyglot, SWE-bench Verified and LiveCodeBench (Artificial Analysis run); Hy4 preview on LMArena WebDev, Terminal-Bench 4 (Vals AI) and Vibe Code Bench (Vals AI). Compare them on price and context instead. Data as of October 22, 2026.

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