Inception: Mercury 2

inception/mercury-2

Mercury 2 is an extremely fast reasoning LLM, and the first reasoning diffusion LLM (dLLM). Instead of generating tokens sequentially, Mercury 2 produces and refines multiple tokens in parallel, achieving...

Modalities

In / out price

$0.25 / $0.75 per 1M

Context

128K

Released

Mar 4, 2026

Why use Mercury 2

Step-by-step reasoning mode
Tool and function calling (agent-ready)
Structured (JSON) outputs

Pricing

Input	$0.25 / 1M tokens
Output	$0.75 / 1M tokens
Cached input (read)	$0.025 / 1M tokens

List prices via OpenRouter, checked daily. Real cost depends on the provider and on reasoning tokens.

How it ranks

Coding index31.1

Agentic index1.6

Source: Artificial Analysis (artificialanalysis.ai) via OpenRouter (openrouter.ai/rankings).

Cost calculator

Pick a task, set how often you run it, and compare what it costs on each model.

TaskInput tokens≈ 602 wordsOutput tokens≈ 1,504 wordsRuns per month

Input served from cache: 0%Repeated prompts (same instructions or document) are billed at the cheaper cache-read price where the model supports it.

Model	Per run	Per month	Per 1,000 runs
Inception: Mercury 2	$0.0017	$1.70	$1.70

Estimates from list prices via OpenRouter; real bills vary by provider and reasoning tokens.

Will it fit? Context window simulator

Each square is about one page (500 words). Colored squares are your content; grey squares are free space in the model's context window.

Your content

Novel (90,000 words)

Total: about 120,000 tokens (≈ 90,226 words). Token counts are estimates.

Models

Zoom (square size): 6pxZoom out to see a whole million-token window at once.