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Comparison · 2 models · Updated Oct 4, 2026

MiniMax-M2.7-highspeed vs Mercury 2

Mercury 2 comes out ahead, 53 to 41 on our weighted score, and it is the cheaper option too.

  1. MiniMax

    MiniMax-M2.7-highspeed

    Released Mar 18, 2026

    41/100
    • ECI—
    • Price$0.60 / $2.40
    • Context205K
    Full specs Remove MiniMax-M2.7-highspeed
  2. Our pick

    Inception

    Mercury 2

    Released Feb 24, 2026

    53/100
    • ECI—
    • Price$0.25 / $0.75
    • Context128K
    Full specs Remove Mercury 2

  3. Add a model

    Make it a three-way comparison.

01 — Verdict

Mercury 2 is our pick

Mercury 2 is the better all-round choice, scoring 53/100 against MiniMax-M2.7-highspeed (41). It leads on price and inputs & features. MiniMax-M2.7-highspeed wins on context window. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

  • CapabilityNot enough dataNo independent benchmark covers every model here yet
  • Lowest priceMercury 2Mercury 2 $0.375 · MiniMax-M2.7-highspeed $1.05 per 1M tokens (3:1 blend)
  • Longest contextMiniMax-M2.7-highspeedMiniMax-M2.7-highspeed 204,800 · Mercury 2 128,000 tokens
  • Widest inputsSame inputsMiniMax-M2.7-highspeed: Text · Mercury 2: Text
  • Self-hostingMiniMax-M2.7-highspeedPublishes downloadable weights
How the score is built
MeasureWeightMiniMax-M2.7-highspeedMercury 2
Price50%4970
Inputs & features30%3545
Context window20%3224
Overall100%41/10053/100

Left out because at least one model lacks the data: capability. The remaining weights were rescaled.

02 — Side by side

Every spec in one table

Highlighted cells lead their row. Dashes mean the data is not published.

MiniMax-M2.7-highspeed vs Mercury 2 specifications side by side
SpecificationMiniMax-M2.7-highspeedMiniMaxMercury 2Inception
Capability
Capabilities Index (ECI)——
ECI rank——
Price per million tokens
Input$0.60$0.25 (best)
Output$2.40$0.75 (best)
Cached input$0.06$0.025 (best)
Blended (3:1)$1.05$0.375 (best)
Long-context rateSame rateSame rate
Price sourceOfficial MiniMax (minimax.io) APIOfficial Inception API
Limits
Context window204,800 tokens (best)128,000 tokens
Max output131,072 tokens (best)50,000 tokens
Inputs and features
TextYesYes
ImagesNoNo
PDFsNoNo
AudioNoNo
VideoNoNo
ReasoningYesYeslow · medium · high
Tool callingYesYes
Structured outputNoYes
Availability
WeightsOpenProprietary
API model IDMiniMax-M2.7-highspeedmercury-2
API providers14 (best)1
ReleasedMar 18, 2026Feb 24, 2026
Knowledge cutoff—Jan 1, 2025
03 — Cost

What would a month cost?

Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.

  • MiniMax-M2.7-highspeed$10.80
  • Mercury 2$4.00
04 — Questions

Which should you choose?

Which is better: MiniMax-M2.7-highspeed or Mercury 2?

Mercury 2 is the better all-round choice, scoring 53/100 against MiniMax-M2.7-highspeed (41). It leads on price and inputs & features. MiniMax-M2.7-highspeed wins on context window. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

Which is cheaper, MiniMax-M2.7-highspeed or Mercury 2?

Mercury 2 is cheaper at $0.25 input / $0.75 output per million tokens (official Inception API price). MiniMax-M2.7-highspeed costs $0.60 input / $2.40 output per million tokens (official MiniMax (minimax.io) API price). At a typical mix of three input tokens to one output token, that is $0.375 per million tokens for Mercury 2 versus $1.05 for MiniMax-M2.7-highspeed (2.8× as much).

Which scores higher on benchmarks?

There is no independent benchmark that covers both models yet. MiniMax-M2.7-highspeed has not been scored yet and Mercury 2 has not been scored yet.

Which is better for coding?

There are no published SWE-bench Verified results for MiniMax-M2.7-highspeed and Mercury 2 yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. Both support tool calling for agent workflows.

Which has the bigger context window?

MiniMax-M2.7-highspeed has the largest context window at 204,800 tokens, against 128,000 for Mercury 2. Maximum output per response: MiniMax-M2.7-highspeed up to 131,072, Mercury 2 up to 50,000 tokens.

Which can read images, PDFs, audio or video?

MiniMax-M2.7-highspeed accepts text; Mercury 2 accepts text. They handle the same number of input types.

Are any of these open source?

MiniMax-M2.7-highspeed publishes its weights and can be self-hosted; Mercury 2 is proprietary.

Which is newer?

MiniMax-M2.7-highspeed is the newest, released Mar 18, 2026. Mercury 2 came out Feb 24, 2026. Knowledge cutoff: Mercury 2 Jan 1, 2025.

How do you decide the winner?

Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Oct 4, 2026.

05 — Keep comparing

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