Mercury 2
$0.25 per 1M input tokens and $0.75 per 1M output tokens · 128K context · tools, reasoning, JSON.
Prices checked Oct 21, 2026 · tracked by LLM Cost Index since Oct 21, 2026
What Mercury 2 costs per month
Estimated monthly bill for typical workloads, using the cached-input price for repeated context. Try your own numbers in the cost calculator.
| Workload | Per month |
|---|---|
| Customer chatbot 1,000 conversations a day, 8 turns each | $104 |
| Document Q&A (RAG) 500 questions a day over retrieved documents | $26.10 |
| Coding / tool-using agent 200 tasks a day, long tool-heavy contexts | $47.25 |
| Content generation 30 long articles a day | $2.36 |
| Classification / extraction 100,000 short items a day | $259 |
Price history
We started tracking Mercury 2 on Oct 21, 2026; the chart appears as soon as there is a second data point. See all recent price changes.
Cheaper alternatives to Mercury 2
Models with the same tool calling, structured output for at least 20% less (3:1 input/output mix), most capable first.
| Model | Input / 1M | Output / 1M | Context | Capabilities |
|---|---|---|---|---|
| Claude Haiku 5.5 Anthropic | $0.10 | $0.50 | 1M | visiontoolsreasoningJSON |
| GLM 5.3 Flash Z.ai | $0.041 | $0.12 | 1.05M | visiontoolsreasoningJSONopen weights |
| Ling 3.1 Flash inclusionAI | $0.075 | $0.225 | 262K | toolsreasoningJSON |
| GPT-6 Luna OpenAI | $0.10 | $0.50 | 1.05M | visiontoolsreasoningJSON |
| MiMo-V2.6-Flash Xiaomi | $0.14 | $0.28 | 1.05M | visionaudiotoolsreasoningJSONopen weights |
How to pay less for Mercury 2
For a customer chatbot (1,000 conversations a day, 8 turns each) that costs $153 a month at list price without caching:
| Option | Per month | You save |
|---|---|---|
| Move to Claude Haiku 5.5 (similar capabilities) | $58.56 | $94.44 (62%) |
| Use prompt caching (60% of input cached) | $104 | $48.60 (32%) |
Other workloads: cut-your-bill tool for Mercury 2.
Specifications
| Model ID | inception/mercury-2 |
| Input | text |
| Output | text |
| Tool calling | Yes |
| Structured output | Yes |
| Reasoning mode | Yes |
| Open weights | No |
| Released | Mar 4, 2026 |
FAQ
- How much does Mercury 2 cost?
- $0.25 per million input tokens and $0.75 per million output tokens; cached input costs $0.025 per million. Prices as of Oct 21, 2026.
- What is the context window of Mercury 2?
- 128K tokens, with up to 50K output tokens per response.
- Does Mercury 2 support images, tools and structured output?
- Images as input: no. Tool calling: yes. Structured (JSON) output: yes. Reasoning mode: yes.
- What are cheaper alternatives to Mercury 2?
- Models with the same key capabilities for at least 20% less include Claude Haiku 5.5 ($0.10 / $0.50), GLM 5.3 Flash ($0.041 / $0.12), Ling 3.1 Flash ($0.075 / $0.225).
More from Inception: all Inception models · how we collect prices