Meituan vs 
StepFun
Verdict
- StepFun's flagship leads: Step 5 Preview at 65.0 vs Longcat Flash at 56.6.
- StepFun has the better model in 4 of 4 price bands.
- StepFun's fastest ranked model (Step 3.7 Flash, 154 tok/s) beats Meituan's (LongCat 2.0, 38 tok/s).
Best model per price band
Each provider’s highest-index model below the price ceiling. Purple marks the winner of the band.
| Price band | Meituan | StepFun |
|---|---|---|
| Under $0.50/M | – | Step 3.5 Flash 2603 54.6$0.150/M |
| Under $2/M | LongCat 2.0 50.5$0.525/M | Step 5 Preview 65.0$1.43/M |
| Under $10/M | LongCat 2.0 50.5$0.525/M | Step 5 Preview 65.0$1.43/M |
| Any price | LongCat 2.0 50.5$0.525/M | Step 5 Preview 65.0$1.43/M |
Line-up
| Metric | Meituan | StepFun |
|---|---|---|
| Flagship index | 56.6 | 65.0 |
| Ranked models | 3 | 6 |
| Open-weights models | 2 | 2 |
| Cheapest ranked, $/M | $0.525 | $0.150 |
| Fastest ranked, tok/s | 38 | 154 |
| Release cadence, days | – | 406 |
| Last release | – | 29 May 2026 |
| Next expected | – | 27 Jan 2027 – 18 Dec 2027 |