Has anyone compared the costs between maxing out a Claude Max x5 subscription (one for €120 euro a month) and same amount of work on GLM5.2 via API at a cost of $4 per mln token out?

I have a feeling Anthropic may still come out cheeper (mainly thanks to enterprises subsidising the Max subscriptions).

But I'm very excited with the possibility of using fully EU based inference rivalling Opus in quality.