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Mercury 2.5

inception·inception/mercury-2.5·GA·Closed·mercury series·NEW
Reasoning model for deliberate analysis, multi-step problem solving, and tool use

Mercury 2.5 by inception is offered by 4 providers on this page. Its reference price is $0.20 per 1M input tokens and $0.75 per 1M output tokens. The lowest paid channel is Vercel AI Gateway at $0.04 / $0.15 per 1M, about 5.0× below the reference price.

The context window is 260,000 tokens, with an output limit of 65,536 tokens. It supports reasoning, tool use, and structured output.

Specs & pricing

Input / output per 1M tokens
Reference price·Kilo Gateway
$0.20 / $0.75
Blended $0.338 · Cache read $0.02
Lowest paid·Vercel AI GatewayCloud
$0.04 / $0.15
Blended $0.068 · 5× spread
Context
260,000
Output limit
65,536
Knowledge cutoff
—
Released / updated
2026-09-08 / 2026-09-09
Capabilities
✓ Reasoning✓ Tool use✓ Structured output✓ TemperatureAttachments
Modalities
Text

Available at 4 providers4 with public prices

ProviderTierInputOutputCache readCache writeContextOutput limitStatus
Vercel AI GatewayCloud$0.04$0.15$0.004—260,00065,536
OpenRouterGateway$0.04$0.15$0.004—260,00065,536
Venice AI
mercury-2-5
Gateway$0.05$0.187$0.005—260,00065,536
Kilo GatewayGateway$0.20$0.75$0.02—260,00065,536

Sorted by blended price (input×0.75 + output×0.25) asc. The official channel always shows regardless of rank. Whether a gateway's low price is actually usable can't be verified.

Your usage cost

1Vercel AI Gateway$11.18
2OpenRouter$11.18
3Venice AI$13.97
4Kilo Gateway$55.90
The cheapest paid channel is the only channel.

Reasoning control

effort = noneeffort = loweffort = mediumeffort = high

Related models

Mercury 2.5 Previewsame series$0.04 / $0.15Mercury 2same series$0.25 / $0.75Mercury Coder Small Betasame series$0.25 / $1.00DeepSeek V4 Flashcheaper alternative$0.14 / $0.28GLM-5.3-Flashcheaper alternative$0.075 / $0.25GPT-5 Nanocheaper alternative$0.05 / $0.40MiMo-V2.5cheaper alternative$0.14 / $0.28

Price historyone sample accumulated per data sync

Input list $0.20Output list $0.75Min blended $0.068

Price history accumulates from each data sync; currently only 1 sample(s) (2026-09-09). Each future sync adds a point, and once accumulated a line is drawn here.

Data partly from models.dev (MIT) · Kilo Gateway official docs ↗