The closest alternative to Qwen2.5 Coder 32B Instruct is GLM 4.5V — comparable intelligence (7.0 vs 7.1); for a cheaper option, GPT-5.6 Luna runs $0.100/M vs $0.660/M; and the best open-weight substitute is Kimi K3.
GLM 4.5V is the closest alternative to Qwen2.5 Coder 32B Instruct, with an Intelligence Index of 7.0 (Qwen2.5 Coder 32B Instruct scores 7.1) at $0.600 per million input tokens.
Yes — GPT-5.6 Luna costs $0.100 per million input tokens versus $0.660 for Qwen2.5 Coder 32B Instruct, while staying within ~8 points of its Intelligence Index.
Kimi K3 is the strongest open-weight alternative to Qwen2.5 Coder 32B Instruct — downloadable from Hugging Face and self-hostable, scoring 57.1 on intelligence.