As of August 30, 2026, QwQ-32B is 36% cheaper per million tokens than GLM-4.5. GLM-4.5 is $0.60 / $2.20 per million input/output tokens versus QwQ-32B at $0.90 / $0.90. Sources: https://docs.z.ai/guides/overview/pricing and https://fireworks.ai/pricing
Sources: Z AI pricing (https://docs.z.ai/guides/overview/pricing); Fireworks pricing (https://fireworks.ai/pricing)
GLM-4.5
Z AI
Input
$0.60
Output
$2.20
QwQ-32B
Qwen
Input
$0.90
Output
$0.90
Token pricing, specs, and benchmarks side by side
Each bar is share of the current leader on that eval. Click a row to open the board.
Lech Mazur Writing. Left is cheaper. Up is a higher score. The line is the best score you can buy at each price.
GLM-4.5QwQ-32BVerdict
QwQ-32B offers significantly lower pricing, while GLM-4.5 leads on benchmark performance. Your choice depends on whether cost efficiency or raw capability matters more for your use case.
As of August 30, 2026, QwQ-32B is 36% cheaper on blended LLM API pricing. QwQ-32B costs $0.90 per million input tokens and $0.90 per million output tokens ($1.80 blended 1M-in + 1M-out). GLM-4.5 costs $0.60 / $2.20 per million tokens ($2.80 blended). Sources: https://docs.z.ai/guides/overview/pricing and https://fireworks.ai/pricing. The cheapest LLM for your app still depends on how many output tokens you generate.
GLM-4.5 Z AI API pricing is $0.60 input and $2.20 output per million tokens via Z AI. QwQ-32B Fireworks API pricing is $0.90 input and $0.90 output per million tokens via Fireworks. Use those four numbers, not ChatGPT Plus or Claude Pro subscription prices, when you are comparing APIs.
GLM-4.5 has a published SWE-bench Verified score of 64.2%. QwQ-32B does not have that eval on this page yet.
GLM-4.5 supports a 131K token context window, while QwQ-32B supports 131K tokens. Both models have the same context window size. Filling a larger window bills more input tokens, so the cheaper-per-million model can still cost more on long documents.
GLM-4.5 leads on 4 of 5 shared benchmarks versus QwQ-32B's 1 wins. Check the comparison table for GPQA Diamond, SWE-bench, MMLU, HLE, and the other evals we track. Token price and benchmark score together are the usual LLM comparison, not either number alone.
Both GLM-4.5 and QwQ-32B are production API models. For cost-sensitive production traffic, QwQ-32B has better economics on the blended 1M-in + 1M-out scale. For maximum capability, weight the benchmark table for your domain. Many production stacks route cheap models for drafts and a frontier model for the hard turn, which is usually cheaper than sending everything to the expensive API.
Yes. Call GLM-4.5 through Z AI and QwQ-32B through Fireworks with separate API keys, or through a gateway that already wraps both. Keep prompts in tokens, not characters, when you estimate the invoice. AnotherWrapper templates can swap providers without rewriting auth and billing.
List rates are the latest published Z AI API pricing and Fireworks API pricing, quoted per million tokens. Official rate sheets: https://docs.z.ai/guides/overview/pricing and https://fireworks.ai/pricing. Prompt caching, batch APIs, and committed-use discounts can change the invoice. Benchmark scores are from official publications and independent evals, updated as new numbers land.
GLM-4.5 supports up to 131K output tokens per request, while QwQ-32B supports up to an unspecified number of output tokens. Output tokens are usually the expensive half of API pricing, so a higher max output cap is a capability, not a discount.
GLM-4.5 has a measured throughput of approximately 52 tokens/second. Throughput data for QwQ-32B is not yet available. Throughput (tokens per second) and time-to-first-token are why two models with the same per-million-token price can still feel different in chat and agents.
Use the model pickers at the top of this LLM comparison. Search any model in the index and the URL updates. Open GLM-4.5 or QwQ-32B from the sidebar for the single-model API pricing page, or go back to the LLM pricing table to sort by cheapest blended cost.
This comparison covers API pricing, context window, throughput, and benchmark scores. GLM-4.5 costs $0.60/M input and $2.20/M output. QwQ-32B costs $0.90/M input and $0.90/M output via Fireworks.
Rank both on the LLM leaderboard, SWE-bench, and Humanity's Last Exam.
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