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InceptionReleased on Feb 24, 2026

Mercury 2: API Pricing, Context Window & Benchmarks

Mercury 2 is a language model from Inception, released in February 2026, with a 128K-token context window, and pricing from $0.250/M input and $0.750/M output.

Mercury 2 is the fastest reasoning LLM, built on diffusion-based language model (dLLM) architecture. Instead of generating text token-by-token, it refines multiple text blocks simultaneously, achieving over 1,000 tokens per second on

Input
Text
Output
Text

Mercury 2 benchmarks

Capability tiers

Standing within each category, adjusted for leaderboard depth.

Real tasks performance

High-confidence performance for Mercury 2 across real-world prompt categories. Only 95% intervals at most 4 points wide are shown.

Performance by conversation depth

How Mercury 2 holds up as conversations get longer.

Quality Tracker

Mercury 2 Performance Across Datasets

Scores sourced from the model's scorecard, paper, or official blog posts

LLM Stats Logollm-stats.com - Mon Sep 07 2026
Notice missing or incorrect data?

Mercury 2 pricing

Providers

Mercury 2 starts at $0.250 per million input tokens and $0.750 per million output tokens via Inception.

ProviderInput $/MCached input $/MOutput $/MContext in / outTTFT p95 sOutput p5 c/sModalities in / out
Inception logoInception
$0.250$0.750128.0K/8.2K
1.64
346
/

Cached input is the discounted price for prompt tokens served from a provider cache. TTFT is time to first token. Output is characters per second; p5 is the sustained floor exceeded by 95% of observed requests.

Mercury 2 context window

Input and output token limits for Mercury 2, plus how it ranks on long-context understanding.

InputOutput
128Ktokens
8Ktokens
192 pages of text
128K
8K128K1M

Mercury 2 API

POST/v1/chat/completions

Run a request to see the response

Use it in your code

Billed at $0.25 input / $0.75 output per 1M tokens through the LLM Stats gateway.

from openai import OpenAI

client = OpenAI(
    api_key="YOUR_API_KEY",
    base_url="https://gateway.llm-stats.com/v1"
)

response = client.chat.completions.create(
    model="mercury-2",
    messages=[
        {"role": "user", "content": "What is machine learning?"}
    ]
)

print(response.choices[0].message.content)

Need an API key? Create one above in the playground, or read the API documentation.

Mercury 2 latency

Mercury 2 time to first token, sustained output throughput, and failed-request rate from live API traffic over the trailing 7 days.

Provider operational metrics

Time to first token, output throughput, and failed-request rate from live API traffic

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Mercury 2 examples

Recent arena outputs from Mercury 2, picked from the highest-ranked matchups.

Mercury 2 license

Mercury 2 is a proprietary model available under its provider's product and API terms.

License
Proprietary
Hosted access

Proprietary license - usage restrictions apply

Mercury 2 resources

Official sources for Mercury 2: api documentation, official playground, official launch post.

Mercury 2 vs other models

The most-compared alternatives to Mercury 2 are Grok-3 Mini, Llama 3.1 Nemotron Ultra 253B v1, DeepSeek R1 Zero. Open any pair side-by-side for benchmarks, pricing, context, and latency.

Models like Mercury 2

Models ranked just above and below Mercury 2 by LLM Stats score.

 

Grok-3 Mini

Score pending
 

Llama 3.1 Nemotron Ultra 253B v1

Score pending
 

DeepSeek R1 Zero

Score pending
 

Gemini 2.0 Flash Thinking

Score pending
 

Gemini 2.5 Pro Preview 06-05

Score pending
 

Nova 2 Lite

Score pending

FAQ

Common questions about Mercury 2.

When was Mercury 2 released?

Mercury 2 was released on February 24, 2026 by Inception. This is the official Mercury 2 release date tracked on LLM Stats.

How much does Mercury 2 cost?

Mercury 2 costs $0.25 per million input tokens and $0.75 per million output tokens through the LLM Stats API, which works with any OpenAI-compatible SDK. Across tracked providers, the lowest price is $0.25 per million input tokens via Inception.

Is Mercury 2 available via API?

Yes. Mercury 2 is available through the LLM Stats API and works with any OpenAI-compatible SDK — point your client at the gateway base URL and pass the model name. It is served by 1 provider tracked on LLM Stats.

Who created Mercury 2?

Mercury 2 was created by Inception.

What is the license for Mercury 2?

Mercury 2 is released under the Proprietary license.

What is Mercury 2 latency?

Mercury 2 p95 time to first token is 1.64 seconds via Inception over the trailing 7 days. Lower time to first token means the model begins responding sooner for chat, agents and API workloads.

Where can I use Mercury 2?

Mercury 2 is available through 1 provider including Inception.

Where is the Mercury 2 paper or technical report?

Mercury 2 has a paper or technical report available at https://www.inceptionlabs.ai/blog/introducing-mercury-2. Use that source for architecture, training, release and evaluation details.

What models should I compare Mercury 2 against?

Common Mercury 2 comparisons include Mercury 2 vs Grok-3 Mini, Mercury 2 vs Llama 3.1 Nemotron Ultra 253B v1, Mercury 2 vs DeepSeek R1 Zero. Compare them side by side for benchmark scores, pricing, context window, latency and API availability.