AI model comparison

Mercury 2 vs Qwen3 Coder 480B A35B

Pricing, context window, benchmarks, and features compared side by side. Or skip the guesswork and send one prompt to both.

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Inception

Mercury 2

Mercury 2 is an extremely fast reasoning LLM, and the first reasoning diffusion LLM (dLLM).

Input / 1M
$0.25
Output / 1M
$0.75
Context
128K

Qwen3-Coder-480B-A35B-Instruct is a Mixture-of-Experts (MoE) code generation model developed by the Qwen team.

Input / 1M
$0.30
Output / 1M
$1
Context
262K

At a glance

Quick verdict

How the two models stack up on the things people ask about most.

Lower price

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Mercury 2

1.3x cheaper for a typical chat

Higher intelligence score

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Mercury 2

13.8 vs 11.9 on Artificial Analysis

Larger context window

qwen logo

Qwen3 Coder 480B A35B

262K vs 128K tokens

Newer release

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Mercury 2

Released March 4, 2026

Benchmarks

Benchmark scores

Independent scores from Artificial Analysis. Higher is better.

Intelligence index

inception logoMercury 213.8
qwen logoQwen3 Coder 480B A35B11.9

Coding index

inception logoMercury 231.1
qwen logoQwen3 Coder 480B A35BNot available

Agentic index

inception logoMercury 21.6
qwen logoQwen3 Coder 480B A35BNot available

Pricing

Mercury 2 vs Qwen3 Coder 480B A35B API pricing

Per-token API rates. Cheaper option highlighted.

Metricinception logoMercury 2qwen logoQwen3 Coder 480B A35B
Input tokensPer 1M tokens$0.25$0.30
Output tokensPer 1M tokens$0.75$1
Cached input (read)Per 1M tokens$0.03$0.10
Cache writePer 1M tokensNot availableNot available

What it costs in practice

Estimated cost per 1,000 requests at standard rates. Coding and long-document figures also show the cost when the input is already cached.

Chat message

2K in, 500 out

inception logoMercury 2$0.88
qwen logoQwen3 Coder 480B A35B$1.10

Coding task

30K in, 4K out

inception logoMercury 2$10.50$3.75 cached
qwen logoQwen3 Coder 480B A35B$13$7 cached

Long document summary

150K in, 2K out

inception logoMercury 2$39$5.25 cached
qwen logoQwen3 Coder 480B A35B$47$17 cached

Specs

Context window and capabilities

How much each model can read, how much it can write, and what it accepts as input.

Metricinception logoMercury 2qwen logoQwen3 Coder 480B A35B
Context window128K tokens262K tokens
Max output50K tokens66K tokens
Input typesTextText
Output typesTextText
Reasoning effort levelsHigh, Medium, Low, NoneNot available
Default reasoning effortMediumNot available
Release dateMarch 4, 2026July 23, 2025

Features

Supported features

API features available for each model.

Metricinception logoMercury 2qwen logoQwen3 Coder 480B A35B
Tool callingSupportedSupported
Structured outputsSupportedSupported
JSON modeSupportedSupported
ReasoningSupportedNot supported
TemperatureSupportedSupported
Stop sequencesSupportedSupported
Deterministic seedNot supportedSupported
Verbosity controlNot supportedNot supported

Our take

Mercury 2 is 1.3x cheaper for a typical chat. Mercury 2 scores higher on the Artificial Analysis Intelligence Index (13.8 vs 11.9). Qwen3 Coder 480B A35B has the larger context window (262K vs 128K tokens). The right pick depends on your workload, so the quickest way to settle it is to send the same prompt to both and compare.

FAQ

Frequently asked questions

Is Mercury 2 or Qwen3 Coder 480B A35B cheaper?

Mercury 2 is cheaper for a typical chat (2K input tokens and 500 output tokens). Mercury 2 costs $0.25 per 1M input tokens and $0.75 per 1M output tokens, while Qwen3 Coder 480B A35B costs $0.30 per 1M input tokens and $1 per 1M output tokens.

Which has a bigger context window, Mercury 2 or Qwen3 Coder 480B A35B?

Qwen3 Coder 480B A35B supports up to 262K tokens of context, compared with 128K for Mercury 2.

Is Mercury 2 smarter than Qwen3 Coder 480B A35B?

On the Artificial Analysis Intelligence Index, Mercury 2 scores 13.8 and Qwen3 Coder 480B A35B scores 11.9, putting Mercury 2 ahead. Benchmarks don't capture everything, so the best test is running your own prompts through both.

Can I use Mercury 2 and Qwen3 Coder 480B A35B at the same time?

Yes. Shortcut Chat sends one prompt to multiple models at once, so you can see Mercury 2 and Qwen3 Coder 480B A35B answer side by side and keep the better response.

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Why choose? Ask both.

Send one prompt to Mercury 2 and Qwen3 Coder 480B A35B at the same time. Compare the answers side by side and keep the best one.