LongCat-2.5 vs Nanbeige4.3-33B
Meituan · China | Nanbeige LLM Lab (BOSS Zhipin) · China · Updated June 2026
Quick verdict
Pick LongCat-2.5 for native multimodal upgrade to longcat-2.0 - 1.6t total parameters, about 48b active per token or limited-time api price of $0.30/$1.20 per million tokens (cached input $0.006). Pick Nanbeige4.3-33B for 33b dense open-weight model under apache 2.0 with a 524,288-token context or artificial analysis intelligence index of 20, first of the 8 models in its comparison class. Choose Nanbeige4.3-33B if you need self-hosting or data privacy; LongCat-2.5 if you want a managed API.
LongCat-2.5 (Meituan) and Nanbeige4.3-33B (Nanbeige LLM Lab (BOSS Zhipin)) are two of the models people most often weigh against each other in 2026. LongCat-2.5 is meituan's November 2, 2026 natively multimodal successor to LongCat-2.0 - 1.6T parameters and 1M context at $0.30/$1.20, with open weights planned but undated. Nanbeige4.3-33B is nanbeige LLM Lab's October 25, 2026 Apache 2.0 open model - 33B parameters and 512K context, aimed at agentic coding on modest hardware. They diverge most on price, context window and open vs. closed weights — each quantified below from the models' real specs.
Key differences at a glance
- ▸Cost model: Nanbeige4.3-33B ships open weights you can self-host (hardware cost only, no per-token fee), while LongCat-2.5 is API-metered at $0.3/$1.2 per 1M tokens. Your choice depends on whether you want zero marginal cost at the price of running infrastructure.
- ▸Context window: LongCat-2.5 holds 1.9× more — 1M tokens (~1,500 pages) vs 512K tokens (~786 pages). But effective recall usually fades long before the advertised ceiling, so the bigger number only helps if the model reasons over it.
Side-by-side specs
| Spec | LongCat-2.5 | Nanbeige4.3-33B |
|---|---|---|
| Provider | Meituan (China) | Nanbeige LLM Lab (BOSS Zhipin) (China) |
| Released | November 2, 2026 | October 25, 2026 |
| Context window | 1M tokens (~1,500 pages) | 512K tokens (~786 pages) |
| Price (in/out) | $0.3/$1.2 per 1M tokens | Open weight (self-host / free) |
| Open weight? | No — API only | Yes — self-hostable |
| Modalities | text, image, code | text, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
Native multimodal upgrade to LongCat-2.0 - 1.6T total parameters, about 48B active per token
LongCat-2.5
Its 1M tokens window holds about 1.9× more than Nanbeige4.3-33B's 512K tokens in a single prompt.
Limited-time API price of $0.30/$1.20 per million tokens (cached input $0.006)
LongCat-2.5
Nanbeige4.3-33B is comparatively weak here — no public first-party API or per-token price; Artificial Analysis lists no publicly available API
Meituan-reported Terminal-Bench v2.1 of 88.4, up from 70.8 for LongCat-2.0
LongCat-2.5
Nanbeige4.3-33B is comparatively weak here — coding benchmarks are self-reported, with non-standard settings noted on the model card and no independent reproduction
33B dense open-weight model under Apache 2.0 with a 524,288-token context
Nanbeige4.3-33B
Open weights make this possible at all — LongCat-2.5 is API-only, so it cannot leave the vendor's servers.
Artificial Analysis Intelligence Index of 20, first of the 8 models in its comparison class
Nanbeige4.3-33B
Nanbeige LLM Lab's October 25, 2026 Apache 2.0 open model - 33B parameters and 512K context, aimed at agentic coding on modest hardware — and its weights are open while LongCat-2.5 is API-only.
Lab-reported Terminal-Bench 2.1 of 80.9 and DeepSWE of 65.5
Nanbeige4.3-33B
LongCat-2.5 is comparatively weak here — benchmarks are Meituan's own, and sources found no independent score at launch
Lowest cost at scale
Nanbeige4.3-33B
Its weights are open, so at volume you pay for your own hardware instead of LongCat-2.5's $0.3/$1.2 per 1M tokens.
Largest single-prompt input
LongCat-2.5
Its 1M tokens window is about 1.9× larger than Nanbeige4.3-33B's 512K tokens, fitting roughly 1,500 pages in one prompt.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Nanbeige4.3-33B
At Open weight (self-host / free) it undercuts LongCat-2.5, and on millions of tokens that margin decides the monthly bill.
Someone analysing very long documents or codebases
→ LongCat-2.5
Larger 1M tokens window fits more in one prompt.
A team with data-privacy or self-hosting needs
→ Nanbeige4.3-33B
Open weights let you run it on your own hardware; LongCat-2.5 is API-only.
Anyone whose priority is native multimodal upgrade to longcat-2.0 - 1.6t total parameters, about 48b active per token
→ LongCat-2.5
It is specifically built for that.
Anyone whose priority is 33b dense open-weight model under apache 2.0 with a 524,288-token context
→ Nanbeige4.3-33B
That is its strongest area.
LongCat-2.5: where it fits
Meituan's November 2, 2026 natively multimodal successor to LongCat-2.0 - 1.6T parameters and 1M context at $0.30/$1.20, with open weights planned but undated. Released November 2, 2026 by Meituan, it is built for native multimodal upgrade to LongCat-2.0 - 1.6T total parameters, about 48B active per token, limited-time API price of $0.30/$1.20 per million tokens (cached input $0.006), meituan-reported Terminal-Bench v2.1 of 88.4, up from 70.8 for LongCat-2.0, and openAI- and Anthropic-compatible API endpoints with a 1M-token context window.
Its trade-offs are real: aPI-only for now - GitHub and Hugging Face releases are planned but undated, and the license is unconfirmed (LongCat-2.0 is MIT), the $0.30/$1.20 rate is labeled limited-time, and Meituan says prices are subject to change, and benchmarks are Meituan's own, and sources found no independent score at launch. At $0.3 in / $1.2 out per million tokens, it sits in the budget price band.
Nanbeige4.3-33B: where it fits
Nanbeige LLM Lab's October 25, 2026 Apache 2.0 open model - 33B parameters and 512K context, aimed at agentic coding on modest hardware. Released October 25, 2026 by Nanbeige LLM Lab (BOSS Zhipin), it is built for 33B dense open-weight model under Apache 2.0 with a 524,288-token context, artificial Analysis Intelligence Index of 20, first of the 8 models in its comparison class, and lab-reported Terminal-Bench 2.1 of 80.9 and DeepSWE of 65.5.
Its trade-offs: coding benchmarks are self-reported, with non-standard settings noted on the model card and no independent reproduction, no public first-party API or per-token price; Artificial Analysis lists no publicly available API, and text-only input. As an open-weight model, its running cost is your own hardware rather than a per-token fee.
The bottom line for this matchup
The defining split here is open vs. closed. Nanbeige4.3-33B gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. LongCat-2.5 gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Want both LongCat-2.5 and Nanbeige4.3-33B without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
See pricingFrequently asked questions
Is LongCat-2.5 or Nanbeige4.3-33B better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, LongCat-2.5 leans toward native multimodal upgrade to longcat-2.0 - 1.6t total parameters, about 48b active per token while Nanbeige4.3-33B leans toward 33b dense open-weight model under apache 2.0 with a 524,288-token context, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, LongCat-2.5 or Nanbeige4.3-33B?
Nanbeige4.3-33B is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while LongCat-2.5 is API-metered at $0.3/$1.2 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
LongCat-2.5 — 1M tokens vs 512K tokens, about 1.9× larger. Useful only if the model actually reasons over the full window, which not all do.
Can I use both LongCat-2.5 and Nanbeige4.3-33B together?
Yes — a multi-model platform like LumiChats gives you LongCat-2.5, Nanbeige4.3-33B and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, LongCat-2.5 or Nanbeige4.3-33B?
LongCat-2.5 — released November 2, 2026, about 8 days after Nanbeige4.3-33B.
Related comparisons
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.