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Comparison · 3 models · Updated Nov 2, 2026

Baichuan M2 32B vs DeepSeek R1 0528 Qwen3 8B vs Phi-4-multimodal-instruct

Phi-4-multimodal-instruct comes out ahead, 72 to 58 and 58 on our weighted score, though DeepSeek R1 0528 Qwen3 8B is 16% cheaper per token.

  1. Baichuan

    Baichuan M2 32B

    Released Aug 13, 2025

    58/100
    • ECI—
    • Price$0.07 / $0.07
    • Context131K
  2. DeepSeek

    DeepSeek R1 0528 Qwen3 8B

    Released May 29, 2025

    58/100
    • ECI—
    • Price$0.06 / $0.09
    • Context131K
  3. Our pick

    Microsoft

    Phi-4-multimodal-instruct

    Released Feb 26, 2025

    72/100
    • ECI—
    • Price$0.07 / $0.11
    • Context131K
01 — Verdict

Phi-4-multimodal-instruct is our pick

Phi-4-multimodal-instruct is the better all-round choice, scoring 72/100 against Baichuan M2 32B (58) and DeepSeek R1 0528 Qwen3 8B (58). It leads on inputs & features. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

  • CapabilityNot enough dataNo independent benchmark covers every model here yet
  • Lowest priceDeepSeek R1 0528 Qwen3 8BDeepSeek R1 0528 Qwen3 8B $0.068 · Baichuan M2 32B $0.07 · Phi-4-multimodal-instruct $0.08 per 1M tokens (3:1 blend)
  • Longest contextAbout the sameBaichuan M2 32B 131,072 · DeepSeek R1 0528 Qwen3 8B 131,072 · Phi-4-multimodal-instruct 131,072 tokens
  • Widest inputsPhi-4-multimodal-instructBaichuan M2 32B: Text · DeepSeek R1 0528 Qwen3 8B: Text · Phi-4-multimodal-instruct: Text, Images, Audio
  • Self-hostingAll open weightsEvery model here can be downloaded and run on your own hardware
How the score is built
MeasureWeightBaichuan M2 32BDeepSeek R1 0528 Qwen3 8BPhi-4-multimodal-instruct
Price50%10010098
Inputs & features30%101060
Context window20%252525
Overall100%58/10058/10072/100

Left out because at least one model lacks the data: capability. The remaining weights were rescaled.

02 — Side by side

Every spec in one table

Highlighted cells lead their row. Dashes mean the data is not published.

Baichuan M2 32B vs DeepSeek R1 0528 Qwen3 8B vs Phi-4-multimodal-instruct specifications side by side
SpecificationBaichuan M2 32BBaichuanDeepSeek R1 0528 Qwen3 8BDeepSeekPhi-4-multimodal-instructMicrosoft
Capability
Capabilities Index (ECI)———
ECI rank———
GPQA DiamondGraduate-level science questions—9.3%—
OTIS Mock AIME 2024–2025Competition mathematics—43.9%—
Price per million tokens
Input$0.07$0.06 (best)$0.07
Output$0.07 (best)$0.09$0.11
Cached input———
Blended (3:1)$0.07$0.068 (best)$0.08
Long-context rateSame rateSame rateSame rate
Price sourceMedian of 1 providersMedian of 1 providersMedian of 1 providers
Limits
Context window131,072 tokens131,072 tokens131,072 tokens
Max output131,072 tokens (best)32,000 tokens131,072 tokens (best)
Inputs and features
TextYesYesYes
ImagesNoNoYes
PDFsNoNoNo
AudioNoNoYes
VideoNoNoNo
ReasoningYesYesNo
Tool callingNoNoYes
Structured outputNoNoNo
Availability
WeightsOpenApache-2.0OpenMITOpenMIT
API model ID———
API providers111
ReleasedAug 13, 2025May 29, 2025Feb 26, 2025
Knowledge cutoff——Jun 2024
03 — Cost

What would a month cost?

Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.

  • Baichuan M2 32B$0.84
  • DeepSeek R1 0528 Qwen3 8B$0.78
  • Phi-4-multimodal-instruct$0.92
04 — Questions

Which should you choose?

Which is better: Baichuan M2 32B, DeepSeek R1 0528 Qwen3 8B or Phi-4-multimodal-instruct?

Phi-4-multimodal-instruct is the better all-round choice, scoring 72/100 against Baichuan M2 32B (58) and DeepSeek R1 0528 Qwen3 8B (58). It leads on inputs & features. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

Which is cheaper, Baichuan M2 32B, DeepSeek R1 0528 Qwen3 8B or Phi-4-multimodal-instruct?

DeepSeek R1 0528 Qwen3 8B is cheaper at $0.06 input / $0.09 output per million tokens (median across 1 API provider). Baichuan M2 32B costs $0.07 input / $0.07 output per million tokens (median across 1 API provider); Phi-4-multimodal-instruct costs $0.07 input / $0.11 output per million tokens (median across 1 API provider). At a typical mix of three input tokens to one output token, that is $0.068 per million tokens for DeepSeek R1 0528 Qwen3 8B versus $0.07 for Baichuan M2 32B (1× as much) and $0.08 for Phi-4-multimodal-instruct (1.2× as much).

Which scores higher on benchmarks?

There is no independent benchmark that covers all three models yet. Baichuan M2 32B has not been scored yet, DeepSeek R1 0528 Qwen3 8B has not been scored yet and Phi-4-multimodal-instruct has not been scored yet.

Which is better for coding?

There are no published SWE-bench Verified results for Baichuan M2 32B, DeepSeek R1 0528 Qwen3 8B and Phi-4-multimodal-instruct yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. Note that Baichuan M2 32B and DeepSeek R1 0528 Qwen3 8B does not support tool calling, which most coding agents need.

Which has the bigger context window?

Baichuan M2 32B, DeepSeek R1 0528 Qwen3 8B and Phi-4-multimodal-instruct share the same 131,072-token context window. Maximum output per response: Baichuan M2 32B up to 131,072, DeepSeek R1 0528 Qwen3 8B up to 32,000, Phi-4-multimodal-instruct up to 131,072 tokens.

Which can read images, PDFs, audio or video?

Baichuan M2 32B accepts text; DeepSeek R1 0528 Qwen3 8B accepts text; Phi-4-multimodal-instruct accepts text, images and audio. Phi-4-multimodal-instruct handles the widest range of inputs.

Are any of these open source?

Yes, all three publish their weights (Apache-2.0 and MIT), so you can self-host them.

Which is newer?

Baichuan M2 32B is the newest, released Aug 13, 2025. DeepSeek R1 0528 Qwen3 8B came out May 29, 2025; Phi-4-multimodal-instruct came out Feb 26, 2025. Knowledge cutoff: Phi-4-multimodal-instruct Jun 2024.

How do you decide the winner?

Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Nov 2, 2026.