Mercury 2 vs MiniMax M3.1 Flash

Price, context window & benchmark comparison

Inception

Mercury 2

Inception
$0.25 / $0.75
Input / Output · per 1M tokens
VS
MiniMax

MiniMax M3.1 Flash

MiniMax
$0.15 / $0.60
Input / Output · per 1M tokens
Compare different models
Inception
MiniMax
Verdict: MiniMax M3.1 Flash is 30% cheaper than Mercury 2 on a typical 3:1 input/output mix. MiniMax M3.1 Flash has the larger context window (1M vs 128K).
Mercury 2MiniMax M3.1 Flash
Input price / 1M$0.25$0.15
Output price / 1M$0.75$0.60
Blended price (3:1)$0.38$0.26
Cached input / 1M$0.025$0.015
Context window128K1M
Max output50K524K
Intelligence index—29.1
Coding index31.1—
Providers—11
Best provider uptime (30m)—100.0%
Vision inputNoYes
ReasoningYesYes
Tool callingYesYes
Released2026-03-042026-10-19
Retirement2026-11-08—

Cost calculator

FAQ

Which is cheaper, Mercury 2 or MiniMax M3.1 Flash?

MiniMax M3.1 Flash is 30% cheaper than Mercury 2 on a typical 3:1 input/output mix.

Mercury 2 vs MiniMax M3.1 Flash: which has a bigger context window?

Mercury 2: 128,000 tokens. MiniMax M3.1 Flash: 1,048,576 tokens.

How much would 1 million requests cost?

At 2,000 input + 500 output tokens per request: Mercury 2 ≈ $875.00, MiniMax M3.1 Flash ≈ $600.00.

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