Qwen3.8 Max (0902) from Alibaba and Step 5 Preview from StepFun are both tracked in Franklin AI's benchmark catalogue. Step 5 Preview streams output at about 151 tokens per second, 4 times the rate of Qwen3.8 Max 0902. All numbers are the catalogue's recorded values; nobody ran either model by hand for this page.
Waiting time
Measured output speed is 38 tokens per second for Qwen3.8 Max 0902 and 151 tokens per second for Step 5 Preview. On long outputs, that is a real advantage for Step 5 Preview. Before any text appears, Qwen3.8 Max 0902 takes 3.2 seconds and Step 5 Preview 0.91 seconds. In an interactive app, Step 5 Preview will feel noticeably more responsive.
Put together, a 2,000-token answer would take about 56 seconds from Qwen3.8 Max 0902 and 14 seconds from Step 5 Preview, counting the first-token wait.
Qwen3.8 Max 0902 leads on the intelligence index
Qwen3.8 Max 0902 comes out ahead on the intelligence index, 33.7 to 28.5. A lead of this size is hard to dismiss as noise. In relative terms, Qwen3.8 Max 0902 scores 18% higher.
Across the 109 active models with an intelligence score in the catalogue, Qwen3.8 Max 0902 ranks 44th and Step 5 Preview ranks 61st.
Neither model has a separate coding or math index recorded yet, so those narrower comparisons will have to wait for more data.
When they came out
Qwen3.8 Max 0902 came first, on September 2, 2026; Step 5 Preview followed on September 18, 2026. That is close enough to count them as the same generation.
Cost: Step 5 Preview is cheaper
The list prices are $2.00 in and $6.00 out for Qwen3.8 Max 0902, and $1.00 in and $2.70 out for Step 5 Preview, per million tokens. That makes Step 5 Preview's output 55% cheaper.
For a sample workload of 1 million input tokens and 200,000 output tokens, Qwen3.8 Max 0902 would cost $3.20 and Step 5 Preview $1.54, a difference of $1.66. For a month of coding-assistant traffic at 30 million input and 3 million output tokens, Step 5 Preview would come in 51% lower: $78.00 for Qwen3.8 Max 0902 against $38.10 for Step 5 Preview.
Is the price in proportion?
Per point of intelligence index, Qwen3.8 Max 0902 costs $0.089 of blended price per million tokens and Step 5 Preview $0.050. So Qwen3.8 Max 0902 buys its higher score at a premium, while Step 5 Preview is the value pick, paying 44% less per point.

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