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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

How Mercury 2 performs across real-world prompt categories.

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 - Tue Aug 25 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
1.70
/

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.

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 GPT OSS 20B High, 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.

 

GPT OSS 20B High

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 1.70 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 GPT OSS 20B High, 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.