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llmwaves

Independent model analysis

Which model, and what does it cost you?

404 models from 59 creators, measured on intelligence, output speed, latency and the price of getting real work done. No vendor benchmarks, no marketing numbers.

Top Intelligence Index

58.1

Qwen3.8 Max · Qwen

Fastest output

6,866 t/s

Apply 3

Cheapest benchmarked

$0.015

Ling-2.6-flash · per 1M tokens

Models benchmarked

198

of 404 indexed

Highlights

Intelligence, speed and cost

The three numbers that decide most model choices. Every chart on this site ships a table view; hover a bar for the rest of a model's profile.

Intelligence

Intelligence Index · higher is better

Composite of ten reasoning, knowledge, coding and agentic evaluations.

View as table
ModelIndex
Qwen3.8 Max (Qwen)58.1
Claude Opus 5.5 (Anthropic)57.6
Claude Sonnet 5.5 (Anthropic)56.0
Claude Fable 5.1 (Anthropic)53.4
GPT-6 Astra (OpenAI)52.7
Gemini 4 Argon (Google)52.6
Muse Wonder (Meta)52.4
GPT-6.1 Sol (OpenAI)51.8
Claude Opus 5 (Anthropic)50.8
Claude Fable 5 (Anthropic)49.6

Speed

Output tokens per second · higher is better

Median output tokens per second across serving providers.

View as table
ModelTokens/s
Apply 3 (Relace)6866
V3 Large (Morph)3208
V3 Fast (Morph)3005
gpt-oss-120b (OpenAI)641
gpt-oss-safeguard-20b (OpenAI)537
Llama 3.1 8B Instruct (Meta)461
gpt-oss-20b (OpenAI)410
Qwen3.8 27B (Qwen)409
Grok 4.20 Multi-Agent (xAI)406
GLM 5.2 (Z.ai)368

Cost per task

Estimated USD per task · lower is better

Estimated from list pricing: 50K input tokens plus 80K output tokens for reasoning models (25K for non-reasoning). Limited to models scoring 30+ on the Intelligence Index, so the ranking compares like with like.

View as table
ModelUSD
V4 Flash 0423 (DeepSeek)$0.02
Ling 3.1 Flash (InclusionAI)$0.02
MiMo-V2.6-Flash (Xiaomi)$0.03
Claude Haiku 5.5 (Anthropic)$0.04
GPT-6 Luna (OpenAI)$0.04
KAT-Coder-Pro V2 (KwaiPilot)$0.04
GLM 5.3 Flash (Z.ai)$0.05
V4 Flash 0731 (DeepSeek)$0.05
Ring-2.6-1T (InclusionAI)$0.05
V4.1 Flash (DeepSeek)$0.07

Latency

Seconds to first token · lower is better

Median time to first token.

View as table
ModelSeconds
Llama 3.1 8B Instruct (Meta)64ms
Gemma 4 31B (Google)89ms
Phi 4 (Microsoft)98ms
Granite 4.1 8B (IBM Granite)118ms
Llama 3 8B Lunaris (Sao10K)143ms
Llama 3.3 70B Instruct (Meta)151ms
Nemotron 3.5 Content Safety (NVIDIA)168ms
gpt-oss-safeguard-20b (OpenAI)177ms
Nemotron 3.5 Lightning (NVIDIA)194ms
Mistral Small 4 (Mistral AI)194ms

Blended price

USD per 1M tokens, 3:1 input:output · lower is better

3:1 weighted blend of input and output list price. Free endpoints are excluded; only benchmarked models appear.

View as table
ModelUSD / 1M
Ling-2.6-flash (InclusionAI)$0.015
Ling 3.0 Flash (InclusionAI)$0.032
gpt-oss-20b (OpenAI)$0.036
Granite 4.1 8B (IBM Granite)$0.063
Mercury 2.5 (Inception)$0.068
Solar Mini 4 (Upstage)$0.088
Phi 4 (Microsoft)$0.088
Ling 3.0 Flash VL (InclusionAI)$0.09
Nemotron 3.5 Lightning (NVIDIA)$0.103
Nemotron 3 Nano 30B A3B (NVIDIA)$0.105

Trade-offs

Nothing is free

Intelligence, speed and price pull against each other. These two plots are where the actual decision gets made.

Intelligence vs price

Blended USD per 1M tokens on a log scale · up and to the right is a better deal

  • Proprietary
  • Open weights
01020304050$0.01$0.1$1$10$100$1000Blended price, USD / 1M tokens · better →Intelligence IndexQwen3.8 MaxMuse Spark 1.3MiMo-V2.6-ProClaude Haiku 5.5Ling 3.1 FlashLing 3.0 Flash VL

Price axis is inverted so cheaper sits right. Labelled points are the Pareto frontier — nothing in the index is both smarter and cheaper. Only models with both a published price and an Intelligence Index score appear.

View as table
ModelIntelligenceBlended / 1M
Qwen3.8 Max (Qwen)58.1$3
Claude Opus 5.5 (Anthropic)57.6$8
Claude Sonnet 5.5 (Anthropic)56.0$4
Claude Fable 5.1 (Anthropic)53.4$20
GPT-6 Astra (OpenAI)52.7$20
Gemini 4 Argon (Google)52.6$4
Muse Wonder (Meta)52.4$8
GPT-6.1 Sol (OpenAI)51.8$4
Claude Opus 5 (Anthropic)50.8$10
Claude Fable 5 (Anthropic)49.6$20
Muse Spark 1.3 (Meta)48.1$2
GPT-6 Sol (OpenAI)47.6$4
GPT-5.6 Sol (OpenAI)47.0$8
Grok 4.7 (xAI)46.4$3
MiMo-V2.6-Pro (Xiaomi)46.3$0.544
Qwen3.8 Max (0902) (Qwen)45.4$3
GLM 5.3 (Z.ai)44.8$1.22
Grok 4.6 (xAI)44.3$3
Step 5 Preview (StepFun)43.7$1.43
Kimi K3 (Moonshot AI)43.6$4.09
Claude Haiku 5.5 (Anthropic)43.4$0.2
GPT-5.6 Terra (OpenAI)42.1$4.5
GLM 5.3 Flash (Z.ai)41.8$0.237
Claude Opus 4.8 (Anthropic)41.8$10
Nex-N2-Pro (Nex AGI)41.7$0.438

Intelligence vs output speed

Median tokens per second · up and to the right is both smart and fast

  • Proprietary
  • Open weights
010203040500100200300400500600Output speed, tokens/sIntelligence IndexQwen3.8 MaxClaude Opus 5.5Claude Haiku 5.5V4.1 FlashQwen3.8 27Bgpt-oss-120b

Labelled points are the Pareto frontier — nothing is both smarter and faster. Output speed is the median across serving providers, so a model served by many reports a blended figure.

View as table
ModelIntelligenceTokens/s
Qwen3.8 Max (Qwen)58.138
Claude Opus 5.5 (Anthropic)57.6174
Claude Sonnet 5.5 (Anthropic)56.0118
Claude Fable 5.1 (Anthropic)53.470
GPT-6 Astra (OpenAI)52.7150
Gemini 4 Argon (Google)52.676
Muse Wonder (Meta)52.474
GPT-6.1 Sol (OpenAI)51.8133
Claude Opus 5 (Anthropic)50.898
Claude Fable 5 (Anthropic)49.663
Muse Spark 1.3 (Meta)48.165
GPT-6 Sol (OpenAI)47.677
GPT-5.6 Sol (OpenAI)47.0121
Grok 4.7 (xAI)46.471
MiMo-V2.6-Pro (Xiaomi)46.339
Qwen3.8 Max (0902) (Qwen)45.433
GLM 5.3 (Z.ai)44.8138
Grok 4.6 (xAI)44.3102
Step 5 Preview (StepFun)43.749
Kimi K3 (Moonshot AI)43.6114
Claude Haiku 5.5 (Anthropic)43.4182
GPT-5.6 Terra (OpenAI)42.1102
GLM 5.3 Flash (Z.ai)41.8141
Claude Opus 4.8 (Anthropic)41.8181
Nex-N2-Pro (Nex AGI)41.786

AI trends

The frontier, month by month

Best Intelligence Index score available at any point in time. The line steps only when a release actually beats the record.

Frontier Intelligence Index

Best score available on any given date · one series, so no legend is needed

01020304050202420252026Intelligence Index

A step means a new record holder; a flat run means nobody beat it.

View as table
DateModelIndex
May 2023GPT-46.7
Apr 2024GPT-4 Turbo7.0
May 2024GPT-4o8.4
Dec 2024o115.2
Apr 2025o4 Mini16.7
Apr 2025o320.2
May 2025Claude Opus 426.0
Dec 2025GPT-5.230.4
Feb 2026Qwen3 Max Thinking32.5
Mar 2026GPT-5.439.0
Apr 2026Claude Opus 4.740.7
Apr 2026Qwen3.6 Max Preview41.1
May 2026Claude Opus 4.841.8
Jun 2026Claude Fable 549.6
Jul 2026Claude Opus 550.8
Aug 2026Qwen3.8 Max58.1

Start from the number that matters to you

Cheapest model that clears a quality bar, fastest model that can still use tools, or the single best score on one benchmark — every ranking is one click away.

Cost per task figures are estimates derived from list pricing — see methodology. Example: $0.58 for Qwen3.8 Max.