Mercury 2 vs MiniMax M2.7

API pricing, context window and capabilities for Mercury 2 and MiniMax M2.7, side by side. Prices are the cheapest listed serving route per 1M tokens, from LiteLLM and OpenRouter.

Verdict

computed from the published numbers

MiniMax M2.7 wins on price, on Terminal-Bench, on intelligence and on context window.

Price
MiniMax M2.7
Terminal-Bench
MiniMax M2.7
Intelligence
MiniMax M2.7
Context window
MiniMax M2.7

Key takeaways

who wins on what, from the published numbers

Mercury 2 wins

No clear edge on the tracked metrics.

MiniMax M2.7 wins

  • Cheaper output ($0.75 vs $0.55 /1M)
  • Larger context window (128K vs 1M)
  • Higher max output (50K vs 1M)
  • More serving providers (3 vs 9)
  • Has reasoning mode
Cheaper overall
MiniMax M2.7
$0.25 + $0.55 /1M
Larger context
MiniMax M2.7
1M
More providers
MiniMax M2.7
9 providers

Pricing & specs

cheapest listed route · per 1M tokens
On-demand listed rates, OpenRouter routed quotes and Vercel reseller quotes. Enterprise commitments can be materially lower.
Mercury 2MiniMax M2.7
Input $/1M$0.25via Inception $0.25via DeepInfra
Output $/1M$0.75via Inception $0.55via Pinstripes best
Context window128K 1M best
Max output50K 1M best
Serving providers3 9 best
DateReleased Feb 24, 2026 Released Mar 18, 2026

Benchmarks

Benchmark scores, side by side
Mercury 2MiniMax M2.7
Intelligence13.8 22.8 best
Terminal-Bench27% 55% best
GPQA Diamond77% 87% best
Output speed554 t/s best64 t/s
Latency (TTFT)6.83s 1.46s best

Cost calculator

choose a serving route for each side
Input tokens / month
Output tokens / month
Mercury 2
via Inception
$2.00
MiniMax M2.7
via DeepInfra
$2.25

Capabilities

feature support, side by side
FeatureMercury 2MiniMax M2.7
Vision——
Tool use✓✓
Reasoning—✓
Audio——
Prompt caching✓✓
Structured output✓✓
Web search——

Related comparisons

Frequently asked questions

Which is cheaper, Mercury 2 or MiniMax M2.7?
MiniMax M2.7 is cheaper for output ($0.75 vs $0.55 per 1M tokens) from Pinstripes.
What is the context window difference between Mercury 2 and MiniMax M2.7?
Mercury 2 has a 128K-token context window and MiniMax M2.7 has 1M tokens, so MiniMax M2.7 can take a larger prompt.
How do Mercury 2 and MiniMax M2.7 compare on benchmarks?
On the tracked benchmarks, MiniMax M2.7 leads on Terminal-Bench, and MiniMax M2.7 leads on intelligence.
Listed prices from LiteLLM, OpenRouter and Vercel · last checked Oct 14, 2026

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