Qwen 2 Instruct (1.5B)

Open weights

Qwen 2 Instruct (1.5B) is a language model from Qwen with a 32K-token context window. Provider list price is $0.02 per million input tokens and $0.02 per million output; on Allocate you pay $0.021 and $0.021 with the 7% transaction fee. The weights are open under Qwen license, so you can fine-tune it and own the result.

Pricing

Token usage bills at the provider list price plus the 7% transaction fee. Prices checked 2026-07-08.

Price against its peers

Provider list prices per M tokens, Qwen 2 Instruct (1.5B) against its nearest language peers by price.

What a real workload costs

Take 1,000,000 requests a month at 1,200 input and 350 output tokens each: 1,200M input and 350M output tokens. At list prices that is 1,200 × $0.02 + 350 × $0.02 = $31 a month. Billed on Allocate it is $33.17 with the 7% transaction fee.

Qwen 2 Instruct (1.5B) is an open-weights model under the Qwen license license. Read the license terms once before you build on it; fine-tuned weights on Allocate stay inside your boundary.

Example usage

Point a route at qwen/qwen2-1.5b-instruct and the endpoint never changes; swap the model behind it whenever you want.

curl https://api.allocate.network/v1/chat/completions \
  -H "Authorization: Bearer $ALLOCATE_KEY" \
  -d '{
    "model": "qwen/qwen2-1.5b-instruct",
    "messages": [{"role": "user",
      "content": "Summarise the attached contract."}]
  }'

Common questions

Compare against