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Step 5 Preview vs Inkling 2 Small

Step 5 Preview leads Inkling 2 Small on coding, 57.4 to 48.9 on the Vibe Coding Index, and Inkling 2 Small costs 2.7x less per output token ($1.00 vs $2.70 per million). Updated November 14, 2026; 42 benchmarks have a result for both.

Step 5 PreviewStepFun
Coding
57.4
Overall
55.1
Output $/M
$2.70
23
T Inkling 2 SmallThinking Machines
Coding
48.9
Overall
56.9
Output $/M
$1.00
18
vs boards won of 42 shared, 1 tied

Step 5 Preview or Inkling 2 Small: which to pick

Pick Step 5 Preview for coding: it scores 57.4 on the Vibe Coding Index against 48.9 for Inkling 2 Small.

Pick Inkling 2 Small for output tokens 2.7x cheaper ($1.00 vs $2.70 per million) and a larger context window (1.05M against 1M tokens).

Shared results
42
Step 5 Preview only
33
Inkling 2 Small only
9
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
Step 5 Preview 57.4 from 4 benchmarks, Inkling 2 Small 48.9 from 3 benchmarks.
Widest category
Coding, 10.0 points apart on average over 11 shared benchmarks.
Widest single gap
Terminal-Bench 4 (Vals AI): Step 5 Preview 31.8% against Inkling 2 Small 12.6%, 25.6 points apart on a 0 to 100 scale.
Output price
Step 5 Preview $2.70 against Inkling 2 Small $1.00 per million output tokens, 2.7x apart.
Context window
Step 5 Preview takes 1M tokens, Inkling 2 Small 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
CategoryStep 5 PreviewBarsInkling 2 SmallTies
Coding56
Intelligence01
Agentic work061 tie
Reasoning43
Knowledge30
General112
All shared boards23181 tie
CodingLike-for-likeSix of these boards feed the Vibe Coding Index56
Coding benchmarks for Step 5 Preview and Inkling 2 Small
BenchmarkStep 5 PreviewInkling 2 SmallLeader
LiveBench coding67.6%Not measuredOnly Step 5 Preview measured
LMArena WebDev15731647Inkling 2 Small
Terminal-Bench 4 (Vals AI)31.8%12.6%Step 5 Preview
Vibe Code Bench (Vals AI)70.4%81.5%Inkling 2 Small
Code migration (Vals AI)39.0%Not measuredOnly Step 5 Preview measured
ProgramBench (Vals AI)Not measured0.5%Only Inkling 2 Small measured
IOI (Vals AI)38.1%Not measuredOnly Step 5 Preview measured
SWE-bench Multimodal (Vals AI)40.8%43.1%Inkling 2 Small
CyberBench (Vals AI)Not measured72.7%Only Inkling 2 Small measured
SciCode58.9%52.3%Step 5 Preview
Terminal-Bench 4.0 (Artificial Analysis run)33.3%13.1%Step 5 Preview
FrontierCode 2.012.0%25.4%Inkling 2 Small
LMArena Text: coding14821455Step 5 Preview
LMArena Text: software and IT14711443Step 5 Preview
LMArena WebDev: React15891660Inkling 2 Small
LMArena WebDev: HTML15461661Inkling 2 Small
LMArena WebDev: from an image1551Not measuredOnly Step 5 Preview measured
SWE-Bench Pro V2Not measured97.7%Only Inkling 2 Small measured
GameBench 252.6Not measuredOnly Step 5 Preview measured
Neither model has a result on the other 33 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
Intelligence benchmarks for Step 5 Preview and Inkling 2 Small
BenchmarkStep 5 PreviewInkling 2 SmallLeader
AA Intelligence Index28.530.6Inkling 2 Small
Neither model has a result on the other 1 board here
Agentic workLike-for-likePublic boards, shown as published, kept out of the index06
Agentic work benchmarks for Step 5 Preview and Inkling 2 Small
BenchmarkStep 5 PreviewInkling 2 SmallLeader
LiveBench research75.5%Not measuredOnly Step 5 Preview measured
LiveBench browser24.8%Not measuredOnly Step 5 Preview measured
LiveBench long agentic19.4%Not measuredOnly Step 5 Preview measured
SREBench (Vals AI)0.4%1.9%Inkling 2 Small
Finance Agent (Vals AI)50.7%Not measuredOnly Step 5 Preview measured
Tax Agent Bench (Vals AI)27.3%38.9%Inkling 2 Small
Legal Research Bench (Vals AI)40.4%46.6%Inkling 2 Small
Harvey's Legal Agent Benchmark (Vals AI)12.9%21.7%Inkling 2 Small
Excel Modeling Benchmark (Vals AI)57.1%Not measuredOnly Step 5 Preview measured
BioMysteryBench (Vals AI)67.4%70.0%Inkling 2 Small
Terminal-Bench-Science (Vals AI)2.9%2.9%Tie
Vals Science Index29.6%32.7%Inkling 2 Small
APEX-AgentsNot measured46.8%Only Inkling 2 Small measured
MCP AtlasNot measured85.4%Only Inkling 2 Small measured
Neither model has a result on the other 30 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index43
Reasoning benchmarks for Step 5 Preview and Inkling 2 Small
BenchmarkStep 5 PreviewInkling 2 SmallLeader
LiveBench reasoning83.8%Not measuredOnly Step 5 Preview measured
MysteryMechanism (Vals AI)18.5%25.2%Inkling 2 Small
Humanity's Last Exam (Artificial Analysis run)46.5%44.1%Step 5 Preview
HLE-Diamond (Artificial Analysis run)24.3%28.7%Inkling 2 Small
CritPt v2, hard subset (Artificial Analysis run)32.5%35.0%Inkling 2 Small
ARC-AGINot measured96.5%Only Inkling 2 Small measured
ARC-AGI-2Not measured81.7%Only Inkling 2 Small measured
LMArena Text: hard prompts14631421Step 5 Preview
LMArena Text: expert14781478Step 5 Preview
LMArena Text: hard prompts in English14631424Step 5 Preview
LMArena Vision: diagrams1295Not measuredOnly Step 5 Preview measured
LMArena Vision: homework1274Not measuredOnly Step 5 Preview measured
Neither model has a result on the other 14 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index4 boards, none shared
Math benchmarks for Step 5 Preview and Inkling 2 Small
BenchmarkStep 5 PreviewInkling 2 SmallLeader
ProofBench42.0%Not measuredOnly Step 5 Preview measured
LMArena Text: math1462Not measuredOnly Step 5 Preview measured
LMArena Text: mathematical work1465Not measuredOnly Step 5 Preview measured
MathArenaNot measured42.4%Only Inkling 2 Small measured
Neither model has a result on the other 10 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index30
Knowledge benchmarks for Step 5 Preview and Inkling 2 Small
BenchmarkStep 5 PreviewInkling 2 SmallLeader
AA-Omniscience16.416.1Step 5 Preview
LMArena Text: science14621409Step 5 Preview
LMArena Text: medicine and healthcare1441Not measuredOnly Step 5 Preview measured
LMArena Text: legal and government1441Not measuredOnly Step 5 Preview measured
LMArena Text: business and finance14441415Step 5 Preview
Neither model has a result on the other 16 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index1 board, none shared
Web design benchmarks for Step 5 Preview and Inkling 2 Small
BenchmarkStep 5 PreviewInkling 2 SmallLeader
LiveBench design70.8%Not measuredOnly 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 index112
General benchmarks for Step 5 Preview and Inkling 2 Small
BenchmarkStep 5 PreviewInkling 2 SmallLeader
Vals Index54.8%56.1%Inkling 2 Small
LiveBench data analysis63.5%Not measuredOnly Step 5 Preview measured
Public Benefits Bench (Vals AI)58.1%Not measuredOnly Step 5 Preview measured
SAGE (Vals AI)Not measured88.6%Only Inkling 2 Small measured
Long context reasoning (AA-LCR)88.3%83.3%Step 5 Preview
GDPval-AA15911630Inkling 2 Small
LMArena Text14431403Step 5 Preview
LMArena Text: instruction following14451408Step 5 Preview
LMArena Text: creative writing14151348Step 5 Preview
LMArena Vision1263Not measuredOnly Step 5 Preview measured
LMArena Text: English14551418Step 5 Preview
LMArena Text: non-English14291390Step 5 Preview
LMArena Text: Chinese1495Not measuredOnly Step 5 Preview measured
LMArena Text: German1454Not measuredOnly Step 5 Preview measured
LMArena Text: Japanese1397Not measuredOnly Step 5 Preview measured
LMArena Text: Korean1404Not measuredOnly Step 5 Preview measured
LMArena Text: French1446Not measuredOnly Step 5 Preview measured
LMArena Text: Spanish1442Not measuredOnly Step 5 Preview measured
LMArena Text: Russian14331377Step 5 Preview
LMArena Text: Polish1405Not measuredOnly Step 5 Preview measured
LMArena Text: multi-turn14401408Step 5 Preview
LMArena Text: longer queries14531403Step 5 Preview
LMArena Text: writing and language14291381Step 5 Preview
LMArena Text: entertainment and media14131359Step 5 Preview
LMArena Vision: English1279Not measuredOnly Step 5 Preview measured
LMArena Vision: Chinese1315Not measuredOnly Step 5 Preview measured
LMArena Vision: reading text1278Not measuredOnly Step 5 Preview measured
LMArena Vision: creative writing1251Not measuredOnly Step 5 Preview measured
Neither model has a result on the other 21 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Step 5 Preview and Inkling 2 Small
BenchmarkStep 5 PreviewInkling 2 SmallLeader
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

Step 5 Preview$0.0024Fits in one request
Inkling 2 Small$0.0008Fits in one request

Inkling 2 Small costs less

Repository review

50K input + 3K output tokens

Step 5 Preview$0.058Fits in one request
Inkling 2 Small$0.018Fits in one request

Inkling 2 Small costs less

Agent loop

200K input + 10K output tokens

Step 5 Preview$0.227Fits in one request
Inkling 2 Small$0.070Fits in one request

Inkling 2 Small 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 Step 5 Preview and Inkling 2 Small
SpecificationStepFun Step 5 PreviewThinking Machines Inkling 2 Small
MakerStepFunThinking Machines
WeightsOpen weightsOpen weights
ReleasedOctober 8, 2026November 9, 2026
Context window1M1.05M
Input $/Mtok$1.00$0.30
Output $/Mtok$2.70$1.00
Coding index57.448.9
Independent measurements behind it43
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Step 5 Preview better than Inkling 2 Small for coding?

Pick Step 5 Preview for coding: it scores 57.4 on the Vibe Coding Index against 48.9 for Inkling 2 Small. Pick Inkling 2 Small for output tokens 2.7x cheaper ($1.00 vs $2.70 per million) and a larger context window (1.05M against 1M tokens).

Which is cheaper, Step 5 Preview or Inkling 2 Small?

Step 5 Preview costs $1.00 per million input tokens and $2.70 per million output tokens; Inkling 2 Small costs $0.30 and $1.00. Cost per solved task is known for neither of them.

Which has the bigger context window, Step 5 Preview or Inkling 2 Small?

Inkling 2 Small, with 1.05M tokens against 1M.

How many benchmarks is the Step 5 Preview vs Inkling 2 Small comparison based on?

42 benchmarks have a result for both models as of November 14, 2026. Step 5 Preview's coding index rests on 4 independent benchmarks and Inkling 2 Small's on 3. Where only one model has a result, the page says so instead of naming a winner.

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<p style="font:13px/1.4 sans-serif;margin:6px 0 0">Source: <a href="https://llmbenchmark.ai/compare/stepfun-step-5-preview-vs-thinkingmachines-inkling-2-small">LLMBenchmark.ai, Step 5 Preview vs Inkling 2 Small</a></p>