GLM 5.3 is roughly Opus class and is much, much cheaper
I think at this point comparing raw token pricing is often apples to oranges.
When that isn't available, and the task involves "understanding the problem", "deciding what I'm actually after" etc. iterations, I find price-per-token to still be a better predictor of cost.
It’s still damned capable though, I’ve done a crazy amount of good work with 5.3 Flash.