Mercury 2 vs MiniMax M2.5

Mercury 2 at $0.287 in and $0.863 out and MiniMax M2.5 at $0.253 in and $1.03 out — per million tokens, from the same wallet.

Mercury 2

Inception

0.21¢

for a client proposal

$0.287 in · $0.863 out / 1M

128K context · released 5 months ago

Full page →

MiniMax M2.5

MiniMax

0.21¢

for a client proposal

$0.253 in · $1.03 out / 1M

197K context · released 6 months ago

Full page →

Asking all both at once — identical prompt, identical context — costs about 0.42¢ for a typical client proposal.

At a glance

Cheapest input: MiniMax M2.5 at $0.253 per million tokens.
Cheapest output: Mercury 2 at $0.863 per million tokens.
Largest context: MiniMax M2.5 at 197K tokens — about 280 pages.

Cost per task

Estimated totals at the rates above. Solid bar is input, lighter bar is output.

Quick code fix

2K in · 500 out

Mercury 2

0.1¢

MiniMax M2.5

0.1¢

Draft a client proposal from notes

5K in · 800 out

Mercury 2

0.21¢

MiniMax M2.5

0.21¢

Context-heavy session (Alyph workspace)

155K in · 4K out

Mercury 2

needs 155K ctx

MiniMax M2.5

4.3¢

Analyze a 50-page legal contract

35K in · 1K out

Mercury 2

1.1¢

MiniMax M2.5

0.99¢

Large architecture refactor

250K in · 3K out

Mercury 2

needs 250K ctx

MiniMax M2.5

needs 250K ctx

Solid part of each bar is input tokens, the lighter part is output. Models that don’t fit a task are marked instead of priced.

Cost vs Token Amount

Drag the slider to adjust the split between input and output workload.

80% Input20% Output

Mercury 2

MiniMax M2.5

Adjust the ratio slider to change how output tokens influence the final price for equivalent workloads.

Pricing

Mercury 2

MiniMax M2.5

Input / 1M tokens

$0.287

$0.253

Output / 1M tokens

$0.863

$1.03

Cached input / 1M

$0.029

$0.058

Specs

Mercury 2

MiniMax M2.5

Provider

Inception

MiniMax

Released

5 months ago

6 months ago

Context window

128K

197K

Max output

50K

197K

Input

Text

Output

Text

Reasoning

Shows its thinking

Knowledge cutoff

—

Try it with real numbers

2K tokens in · 500 tokens out.

Mercury 2

Inception

0.1¢

for this task

57% input · 43% output

Full pricing →

MiniMax M2.5

MiniMax

0.1¢

for this task

49% input · 51% output

Full pricing →

All 2, same prompt and context: 0.2¢. That is the entire cost of the comparison.

Your $5 welcome credit covers about 2,463 of these.

Which should you pick?

For long documents, MiniMax M2.5 has the largest context window here — 197K tokens.

On price, MiniMax M2.5 is the cheapest of the two on a typical task, at about 0.21¢.

Or don’t pick. Send the identical prompt to all both, read the answers side by side, and keep the winner. How to run a fair bake-off →

Mercury 2 pricing →MiniMax M2.5 pricing →Add Lyria 3 Clip Preview Add Grok 4.20

Questions, answered

Which is cheaper, Mercury 2 or MiniMax M2.5?

On a typical client proposal (5K tokens in, 800 out): MiniMax M2.5 at 0.21¢; Mercury 2 at 0.21¢. Long prompts can change the order when long-context rates apply.

Which has the largest context window?

MiniMax M2.5 — 197K tokens, about 280 pages.

Can I run Mercury 2 and MiniMax M2.5 side by side on Alyph?

Yes — that is what Alyph is built for: the identical prompt with identical context to all 2, answers rendered side by side, billed from one wallet. This exact combination costs about 0.42¢ for a typical task.

Ask both at once

Identical prompt, identical context, answers side by side — about 0.42¢ for a typical client proposal. Free to start, with $5 of credit.