Mercury 2 vs Qwen2.5-Coder 32B Instruct Comparison

Comparing Mercury 2 and Qwen2.5-Coder 32B Instruct across benchmarks, pricing, and capabilities.

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Performance Benchmarks

Comparative analysis across standard metrics

1 benchmarks

Mercury 2 outperforms in 1 benchmarks (LiveCodeBench), while Qwen2.5-Coder 32B Instruct is better at 0 benchmarks.

Mercury 2 significantly outperforms across most benchmarks.

Sat Mar 14 2026 • llm-stats.com

Arena Performance

Human preference votes

Pricing Analysis

Price comparison per million tokens

Qwen2.5-Coder 32B Instruct costs less

For input processing, Mercury 2 ($0.25/1M tokens) is 2.8x more expensive than Qwen2.5-Coder 32B Instruct ($0.09/1M tokens).

For output processing, Mercury 2 ($0.75/1M tokens) is 8.3x more expensive than Qwen2.5-Coder 32B Instruct ($0.09/1M tokens).

In conclusion, Mercury 2 is more expensive than Qwen2.5-Coder 32B Instruct.*

* Using a 3:1 ratio of input to output tokens

Lowest available price from all providers

Sat Mar 14 2026 • llm-stats.com

Mercury 2

Input tokens$0.25

Output tokens$0.75

Best providerInception

Qwen2.5-Coder 32B Instruct

Input tokens$0.09

Output tokens$0.09

Best providerLambda

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Context Window

Maximum input and output token capacity

Both models have the same input context window of 128,000 tokens. Qwen2.5-Coder 32B Instruct can generate longer responses up to 128,000 tokens, while Mercury 2 is limited to 8,192 tokens.

Mercury 2

Input128,000 tokens

Output8,192 tokens

Qwen2.5-Coder 32B Instruct

Input128,000 tokens

Output128,000 tokens

Sat Mar 14 2026 • llm-stats.com

License

Usage and distribution terms

Mercury 2 is licensed under a proprietary license, while Qwen2.5-Coder 32B Instruct uses Apache 2.0.

License differences may affect how you can use these models in commercial or open-source projects.

Mercury 2

Proprietary

Closed source

Qwen2.5-Coder 32B Instruct

Apache 2.0

Open weights

Release Timeline

When each model was launched

Mercury 2 was released on 2026-02-24, while Qwen2.5-Coder 32B Instruct was released on 2024-09-19.

Mercury 2 is 17 months newer than Qwen2.5-Coder 32B Instruct.

Mercury 2

Feb 24, 2026

2 weeks ago

1.4yr newer

Qwen2.5-Coder 32B Instruct

Sep 19, 2024

1.5 years ago

Knowledge Cutoff

When training data ends

Neither model specifies a knowledge cutoff date.

Unable to compare the recency of their training data.

No cutoff dates available

Provider Availability

Mercury 2 is available from Inception. Qwen2.5-Coder 32B Instruct is available from Lambda, DeepInfra, Hyperbolic, Fireworks. The availability of providers can affect quality of the model and reliability.