Modeldex
Inception

Mercury 2

CTX128K
52Quality
Reasoning · Tools
TextInput$0.25/M
TextOutput$0.75/M

Reasoning model for deliberate analysis, multi-step problem solving, and tool use

PaidProprietary799/1040
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InceptionTextCommon

Mercury 2

Reasoning model for deliberate analysis, multi-step problem solving, and tool use

mercury-2
Type
Text
Quality
52 · Top 48% on the LMArena Text
Context window
128,000 tokens
Max output
50,000 tokens
Input price
$0.25 / 1M tokens
Output price
$0.75 / 1M tokens
Cache read
$0.025 / 1M tokens
Cache write
—
Released
Feb 24, 2026
Knowledge cutoff
Jan 2025
Takes in
Text
Puts out
Text
Reasoning
Yes
Tool calling
Yes
Structured output
Yes
File attachments
No
Access
Paid
License
Proprietary
Rarity
Common
Set number
799/1040

Weights aren’t public. Use is governed by Inception’s terms. Specs from models.dev, last changed Oct 18, 2026. Official source: docs.inceptionlabs.ai.

How good is it?

Public leaderboard scores for Mercury 2, refreshed daily from Epoch AI and LMArena.

Top 48% of the 416 models on the LMArena Text: #202.

Quality is the share of a leaderboard’s models this one beats, from 0 to 100. Chat models are rated on Epoch AI’s Capabilities Index when it lists them, otherwise on LMArena; image and video models on LMArena’s image and video arenas.

Leaderboards

Scores from LMArena, licensed CC BY 4.0. Boards list models under their own names, so a close match is shown with the name it was scored under. Credits

Where to run it

7 providers sell Mercury 2 through an API. Prices are per million tokens, cheapest first.

API providers

ProviderInputOutputContext
InceptionOfficialCheapest paidmercury-2$0.25$0.75128K
Kilo Gatewayinception/mercury-2$0.25$0.75128K
NanoGPTmercury-2$0.25$0.75128K
OpenRouterinception/mercury-2$0.25$0.75128K
Vercel AI Gatewayinception/mercury-2$0.25$0.75128K
Venice AImercury-2$0.31$0.94128K
AI/ML APIinception/mercury-2$0.34$1.03128K

From models.dev and Hugging Face, checked daily. Resellers’ listings can lag behind their price pages, so confirm with the provider before you commit.

Face off

Current text models from other labs at a similar output price.

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