Qwen 3.5 and Kimi K2.5 are the two strongest open-source model families released in early 2026. Both use Mixture-of-Experts architectures. Both beat previous-generation proprietary models on multiple benchmarks. Both can run locally.
The differences matter more than the similarities. Qwen 3.5 ships a full family of models from 35B-A3B (3 billion active params, runs on a laptop) up to 397B-A17B (frontier-class). Kimi K2.5 is a single 1-trillion-parameter multimodal model with native vision and the ability to orchestrate 100 parallel agent sub-tasks. Choosing between them comes down to what you actually need.
TL;DR
- Best for local deployment: Qwen 3.5. The 27B dense model runs on a 24GB GPU. The 35B-A3B MoE variant activates only 3B params per inference. Kimi K2.5 needs 630GB for the full model.
- Best for vision/multimodal: Kimi K2.5. Native multimodal training on 15T mixed visual+text tokens. Leads on OCRBench and document understanding.
- Best for agent workflows: Kimi K2.5. Agent swarm coordinates up to 100 sub-agents in parallel with 1,500+ tool calls.
- Best general reasoning: Qwen 3.5-397B. Scores 88.4 on GPQA Diamond, 91.3 on AIME26, 88.5 on MMLU.
- Cheapest API: Qwen 3.5 at $0.40/M input tokens vs Kimi K2.5 at $0.50-0.60/M.
- Best for coding: Near tie. Qwen 3.5 at 76.4% SWE-bench Verified, Kimi K2.5 at 76.8%.
Qwen 3.5 vs Kimi K2.5 at a Glance
| Category | Qwen 3.5 (397B-A17B) | Kimi K2.5 |
|---|---|---|
| Developer | Alibaba / Qwen Team | Moonshot AI |
| Release Date | Feb 16, 2026 | Jan 27, 2026 |
| Architecture | MoE (397B total, 17B active) | MoE (1T total, 32B active) |
| Context Window | 1M tokens | 260K tokens |
| License | Apache 2.0 | Modified MIT |
| GPQA Diamond | 88.4 | Lower |
| MMLU | 88.5 | 87.1 (MMLU-Pro) |
| SWE-bench Verified | 76.4% | 76.8% |
| LiveCodeBench v6 | 83.6 | N/A |
| AIME 2026 | 91.3 | 96.1 (AIME 2025) |
| Multimodal | Text-only (flagship) | Native vision + text |
| Agent Swarm | No | Up to 100 sub-agents |
| API Input Price | $0.40/M tokens | $0.50-0.60/M tokens |
| API Output Price | $2.40/M tokens | $2.80-3.00/M tokens |
| Smallest Local Model | 27B (16GB VRAM) | 1T (630GB, 4x H200) |
| Languages | 201 | English + Chinese focused |
Benchmark Breakdown
Qwen 3.5 dominates general reasoning benchmarks. Its 88.4 on GPQA Diamond is the highest score from any model on the leaderboard, beating Kimi K2.5 and even GPT-5.2 (which scored lower). On MMLU, Qwen hits 88.5, trailing only Gemini 3 Pro (90.6) among all models.
Kimi K2.5 fights back on agentic and vision benchmarks. It scores 50.2% on HLE-Full with tools (vs GPT-5.2's 45.5%) and 78.4% on BrowseComp with swarm. On MMMU Pro, K2.5 hits 78.5%. These are tasks that require tool use, browsing, and multi-step reasoning, not just knowledge retrieval.
The pattern is clear: Qwen 3.5 wins on static knowledge and reasoning. Kimi K2.5 wins when the model needs to act, see, and use tools. Pick based on your workload.
Math and Science
Both models are exceptional at math. Kimi K2.5 scored 96.1% on AIME 2025, one of the highest math scores from any model. Qwen 3.5 counters with 91.3 on AIME 2026 (a harder test set) and leads on MathVision at 88.6, beating GPT-5.2 (83.0) and Gemini 3 Pro (86.6).
Benchmark Context
AIME 2025 and AIME 2026 are different test sets with different difficulty levels, so direct score comparison between Qwen's 91.3 (AIME26) and Kimi's 96.1 (AIME25) is misleading. Both models are strong at competition-level math. On the same benchmarks they share, they trade punches.
Coding Performance
On SWE-bench Verified, the standard benchmark for real-world software engineering, both models are nearly identical: Qwen 3.5 at 76.4%, Kimi K2.5 at 76.8%. For reference, Claude Opus 4.5 scored 80.9% and Qwen3-Max reached 88.3%. Both are solidly in the top tier for open-source models.
| Benchmark | Qwen 3.5-397B | Kimi K2.5 |
|---|---|---|
| SWE-bench Verified | 76.4% | 76.8% |
| LiveCodeBench v6 | 83.6 | N/A |
| BFCL-V4 (Tool Use) | 72.2 (122B-A10B) | Strong |
Where they diverge: Qwen 3.5 excels at pure code generation. Its 83.6 on LiveCodeBench v6 is competitive with frontier proprietary models. The 122B-A10B medium variant scored 72.2 on BFCL-V4 tool use, crushing GPT-5 mini (55.5) by 30%.
Kimi K2.5 is stronger in agentic coding setups where the model needs to read code, run tests, fix errors, and iterate. Its agent swarm can distribute coding subtasks across parallel sub-agents, cutting complex multi-file tasks to a fraction of sequential execution time.
For AI coding tools like Aider, Cline, or Cursor, both models work well as the backing LLM. The raw code generation quality is close enough that the tooling around the model matters more than the model itself.
Open Source and Local Deployment
Both models are fully open source, but the local deployment story is drastically different.
Qwen 3.5: Runs Anywhere
Qwen 3.5 ships under Apache 2.0, the most permissive major license. No restrictions on commercial use, modification, or distribution. The model family includes sizes that fit every hardware budget:
- Qwen3.5-27B (dense): 27B parameters, all active. Fits on a 24GB GPU with Q4 quantization. Ideal for developers who want the highest accuracy per parameter.
- Qwen3.5-35B-A3B (MoE): 35B total, only 3B active per inference. Faster than the 27B because it processes less per token. Runs on even smaller hardware.
- Qwen3.5-122B-A10B (MoE): 122B total, 10B active. The sweet spot for serious local deployment. Still fits on high-end consumer setups.
- Qwen3.5-397B-A17B (MoE): The flagship. 397B total, 17B active. Needs multi-GPU or cloud deployment.
Run Qwen 3.5 Locally with Ollama
# Pull and run the 27B model (fits 24GB VRAM)
ollama pull qwen3.5:27b
ollama run qwen3.5:27b
# Or the lighter 35B-A3B MoE variant
ollama pull qwen3.5:35b
ollama run qwen3.5:35b
# Both support 1M token context with near-linear scalingKimi K2.5: Needs Serious Hardware
Kimi K2.5 uses a Modified MIT license. Commercial use is free below 100M monthly active users or $20M monthly revenue, which covers nearly every company on Earth. Above those thresholds, you need to contact Moonshot AI.
The local deployment challenge is raw size. Even though only 32B parameters activate per inference, MoE models need all 1T parameters in memory to route inputs to the correct experts. The full model is 630GB and needs at minimum 4x H200 GPUs.
Quantization helps. The 1.8-bit quantized version from Unsloth reduces the footprint to 240GB. With 256GB system RAM and a 24GB GPU for KV cache, you can get roughly 10 tokens/second. Workable for experimentation, but not production-grade.
Deploy Kimi K2.5 with vLLM
# Full precision - requires 4x H200 (80GB each)
vllm serve moonshotai/Kimi-K2.5 \
-tp 8 \
--mm-encoder-tp-mode data \
--trust-remote-code \
--tool-call-parser kimi_k2 \
--reasoning-parser kimi_k2
# Quantized - fits ~256GB RAM + 24GB GPU
# Use KTransformers or llama.cpp with Q1.8 quant
# Expect ~10 tok/s vs 40+ tok/s on full hardware| Spec | Qwen 3.5-27B | Qwen 3.5-35B-A3B | Kimi K2.5 (Full) | Kimi K2.5 (Quantized) |
|---|---|---|---|---|
| VRAM | 16-24GB | 8-16GB | 320GB+ (4x H200) | 24GB + 256GB RAM |
| Speed | 20-40 tok/s | 30-50 tok/s | 40+ tok/s | ~10 tok/s |
| Cost | $0 (consumer GPU) | $0 (consumer GPU) | $60K+ (GPU cluster) | $0 (RAM-heavy PC) |
Multimodal and Vision
This is Kimi K2.5's biggest differentiator. It was trained natively on 15 trillion tokens of mixed visual and text data. That means vision is not bolted on after the fact. The model understands images the same way it understands text.
In practice, K2.5 leads on OCRBench and OmniDocBench, making it the best open-source option for document processing, invoice extraction, and screenshot understanding. On MMMU Pro (multimodal graduate-level reasoning), it scores 78.5%.
Qwen 3.5's flagship 397B-A17B model is text-only. Alibaba offers separate Qwen3-VL models for vision tasks, but those are part of the Qwen3 family, not Qwen 3.5. If native multimodal is a requirement, Kimi K2.5 is the clear choice among these two.
Qwen 3.5 compensates with its MathVision score of 88.6, beating GPT-5.2 (83.0) on visual math problems. But that benchmark tests math reasoning with visual input, not general-purpose vision understanding.
Agent Capabilities
Kimi K2.5 introduced agent swarms: the ability to spawn up to 100 parallel sub-agents that work independently with tool access, coordinate across 1,500+ steps, and report back. This cuts execution time by 4.5x on complex multi-step tasks compared to sequential processing.
This is not a wrapper or prompt technique. Agent swarm support is built into the model's training and inference pipeline. Each sub-agent can browse the web, execute code, read files, and call APIs independently.
Qwen 3.5 does not have native agent swarm capabilities. It is a strong foundation model that works well as the backbone for external agent frameworks, but it does not orchestrate sub-agents out of the box. Its strength is in instruction following (92.6 on IFEval) and tool use (72.2 on BFCL-V4 for the 122B variant), which makes it a reliable building block for agent systems built on top.
OpenClaw + Kimi K2.5
The most popular open-source agent stack in early 2026 pairs Kimi K2.5 with OpenClaw, an autonomous AI assistant platform. OpenClaw provides orchestration, messaging connectors (Telegram, Slack), and task management. Kimi K2.5 provides the reasoning, vision, and tool use. Together, they give you a self-hosted agent that can handle coding tasks, document processing, and multi-step workflows for under $5/month in API costs.
API Pricing
Both models are dramatically cheaper than proprietary alternatives. At roughly $0.40-0.60/M input tokens, they cost 5-10x less than Claude Sonnet 4.6 or GPT-5 for equivalent-quality output on many tasks.
| Provider | Input | Output | Context |
|---|---|---|---|
| Qwen 3.5-397B (Alibaba) | $0.40 | $2.40 | 1M tokens |
| Qwen 3.5-Plus | $0.11 | $0.70 | 128K tokens |
| Kimi K2.5 (Moonshot) | $0.50-0.60 | $2.80-3.00 | 260K tokens |
| Kimi K2.5 (DeepInfra) | $0.45 | $2.25 | 260K tokens |
| Claude Sonnet 4.6 | $3.00 | $15.00 | 200K tokens |
| GPT-5 | $2.50 | $10.00 | 128K tokens |
Qwen 3.5 wins on price at every tier. The flagship 397B is 20-25% cheaper than Kimi K2.5 on both input and output. The Plus variant at $0.11/M input is absurdly cheap for a model that competes with Sonnet 4.5.
Context window also matters for cost. Qwen 3.5-397B supports 1M tokens natively, almost 4x Kimi K2.5's 260K. For long-document workflows, fewer API calls means lower total cost.
Cost for 1M Output Tokens
Generating 1 million output tokens (roughly 750K words) costs $2.40 with Qwen 3.5-397B and $2.80-3.00 with Kimi K2.5. The same output from Claude Sonnet 4.6 costs $15.00. Both open-source options deliver over 80% savings on high-volume workloads.
When to Use Which
| Your Situation | Best Choice | Why |
|---|---|---|
| Running on consumer hardware | Qwen 3.5 | 27B fits on a 24GB GPU, 35B-A3B needs even less |
| Document/image processing | Kimi K2.5 | Native multimodal, best-in-class OCR and doc understanding |
| Complex multi-step automation | Kimi K2.5 | Agent swarm with 100 parallel sub-agents |
| General reasoning/knowledge | Qwen 3.5 | 88.4 GPQA Diamond, 88.5 MMLU, 201 languages |
| Budget-sensitive API usage | Qwen 3.5 | $0.40/M input, $2.40/M output, 1M context |
| Code generation | Either | 76.4% vs 76.8% SWE-bench, effectively a tie |
| Building agent frameworks | Kimi K2.5 | OpenClaw integration, native tool use, agent swarm |
| Multilingual applications | Qwen 3.5 | 201 languages and dialects, much broader coverage |
| Enterprise (Apache 2.0 needed) | Qwen 3.5 | Apache 2.0 vs Modified MIT, simpler legal review |
| Long context processing | Qwen 3.5 | 1M tokens vs 260K, nearly 4x the window |
Most teams will not pick just one. Qwen 3.5 is the better general-purpose model and the obvious choice for local deployment. Kimi K2.5 is the better choice when you need vision, agent orchestration, or the OpenClaw ecosystem. They complement each other well in a multi-model stack.
Frequently Asked Questions
Is Qwen 3.5 better than Kimi K2.5?
On general reasoning: yes. Qwen 3.5 scores higher on GPQA Diamond (88.4), MMLU (88.5), and instruction following (IFEval 92.6). On vision, agent orchestration, and multi-step tool use, Kimi K2.5 wins. They are different tools for different jobs.
Can I run both models locally?
Qwen 3.5, easily. The 27B model fits on a 24GB GPU with Q4 quantization. The 35B-A3B MoE variant is even lighter since only 3B parameters activate per inference. Kimi K2.5 is much harder. The full model needs 4x H200 GPUs (630GB total). Quantized to 1.8-bit, it fits in 240GB of system RAM but runs at roughly 10 tokens/second.
Which model is cheaper via API?
Qwen 3.5. The 397B flagship costs $0.40/M input and $2.40/M output. Kimi K2.5 runs $0.50-0.60/M input and $2.80-3.00/M output. Both are 5-10x cheaper than Claude or GPT-5.
Which is better for coding?
Nearly identical on SWE-bench Verified: Qwen at 76.4%, Kimi at 76.8%. Qwen 3.5 has the edge on pure code generation (83.6 LiveCodeBench v6). Kimi K2.5 is stronger in agentic coding setups where the model needs to run tests, debug, and iterate across multiple files using its agent swarm.
What is OpenClaw?
OpenClaw (formerly ClawdBot) is an open-source platform for building autonomous AI agents. It connects to messaging apps (Telegram, Slack), manages tasks, and orchestrates tool calls. Kimi K2.5 is the most popular model for OpenClaw because it combines coding, vision, and agent capabilities in one open-source package at low cost.
Which license is more permissive?
Qwen 3.5's Apache 2.0. No restrictions, period. Kimi K2.5's Modified MIT is nearly as permissive but requires contacting Moonshot AI if you exceed 100M monthly active users or $20M monthly revenue. For 99.9% of developers, both licenses are effectively unrestricted.
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Qwen 3.5, Kimi K2.5, or any other model. Morph applies code edits at 10,500+ tok/sec with 98% accuracy, regardless of which LLM generates them.