Mercury 2

by InceptionChat

Reasoning model for deliberate analysis, multi-step problem solving, and tool use

Context
128K tokens
Max output
50,000 tokens
Released
2026-02-24
Weights
Closed

Feed

inception/mercury-2 · also seen as inception/mercury-2-20260304

Specifications

Full facts as recorded, incl. what is unknown.

Released
2026-02-24
Weights
Closed
Input
Text
Output
Text
Context window
128,000 max across endpoints
Max output
50,000
Providers
3 + 4 gateways, not counted as providers
Epoch Capabilities Index
not evaluated
Direct price range
$0.250–$0.344 in · $0.75–$1.03 out per 1M tokens · across all 3 providers
More details
Last updated
2026-06-11
Knowledge cutoff
2025-01-01

Capabilities

Across all endpoints: supported if any endpoint supports it.

  • Tool calling
  • Parallel toolsunknown
  • Structured output
  • Reasoning
  • Image input
  • PDF input
  • Audio input
  • Audio outputunknown
  • Video input
  • Prompt caching
  • Web searchunknown
  • Computer useunknown
  • System messages
  • Assistant prefillunknown
  • Temperature
  • Streamingunknown
  • Attachments

Endpoints

One row per provider and variant; gateways are listed separately.

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Price history

Atom feed

No change since 19 Oct 2026. The cheapest direct price has been $0.25 in / $0.75 out per 1M tokens at Inception on every data refresh since then.

Tracked from 19 Oct 2026. Headline-eligible direct prices only, so a price the sanity check flags never draws a spike. Series as JSON

Cost calculator

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Similarly priced models

Blended rate per 1M tokens, each at its own cheapest provider (10M input : 2M output mix).

ModelBlended/1MIn/1MOut/1MContextvs Mercury 2
Qwen3 VL 8B InstructAlibaba (Qwen)$0.333$0.25$0.75262K+0%
Cydonia 24B V4.1TheDrummer$0.333$0.30$0.50131K+0%
Grok 3 MinixAI$0.333$0.30$0.50131K+0%
Qwen3-235B-A22BAlibaba (Qwen)$0.33$0.22$0.88262K−1% cheaper
Trinity Large ThinkingArcee AI$0.342$0.25$0.80262K+2%
deepseek-v3.1-terminusDeepSeek$0.325$0.25$0.70164K−2% cheaper
Qwen3-VL PlusAlibaba (Qwen)$0.343$0.137$1.37262K+3%
MiniMax M1MiniMax$0.319$0.132$1.251M−4% cheaper

More from Inception

Newest Inception models in the catalogue. All Inception models

ModelReleasedContextListed price
Mercury Decide2026-09-3065.5Kunpriced
Mercury 2.52026-09-08260Kfrom $0.04
Mercury 2.5 Preview2026-09-01260K$0.04 via NanoGPT
Mercury Edit 22026-03-3032Kfrom $0.25
Mercury Coder Small Beta2024-01-0132.8K$0.25 via NanoGPT
Heads up: prices are indicative list rates scraped from provider pricing pages; verify with the provider before relying on them. Report incorrect data for this model