Mercury 2 vs Qwen2.5 72B Instruct.

model vs model · prices as of

Mercury 2 and Qwen2.5 72B Instruct split the 5 rounds this table counts: the two list price rows, the cheapest price we can explain, the standard price and context. The weighting you pick decides the rest.

Inception

Mercury 2

$1.50/M tokens

Inception list price, nothing below it is accounted for · $0.195 per 1,000 pages

128k context · tool calling

Alibaba Cloud

Qwen2.5 72B Instruct

$1.48/M tokens

OpenRouter list price, nothing below it is accounted for · $0.24 per 1,000 pages

33k context · tool calling · open weights

List price in (lower wins)

$0.25/M

$0.36/M

List price out (lower wins)

$0.75/M

$0.40/M

Cheapest we can explain (lower wins)

none below list

none below list

Standard price (lower wins)

$1.50/M

$1.48/M

Cost per 1,000 pages (lower wins)

$0.195

$0.24

Context

128k tokens

33k tokens

Open weights

no

yes

Tool calling

yes

yes

Structured output

yes

yes

Reads images

no

no

Reasoning

yes

no

Released

24 Feb 2026

19 Sept 2024

Providers selling it

9

9

Price we measure against

the maker's own

OpenRouter

Trains on your prompts (no is better)

no provider to check

no provider to check

Providers selling both · 5

  • NanoGPT$1.50 / $1.48
  • Kilo Gateway$1.50 / $1.48
  • Nous Portal$1.50 / $1.48
  • OpenRouter$1.50 / $1.48
  • TrustedRouter$1.58 / $1.63

Mercury 2 then Qwen2.5 72B Instruct, per million tokens

Go further

Add a third or fourth model, or switch the weighting, in the tool.

What moved in the last seven days

  1. Mercury 2Nous Portal$0.20 / $0.60 $0.25 / $0.7525% dearer ·
  2. Qwen2.5 72B InstructNous Portal$0.29 / $0.32 $0.36 / $0.4025% dearer ·

Frequently asked

Which is cheaper, Mercury 2 or Qwen2.5 72B Instruct?
Qwen2.5 72B Instruct, at $1.48 per million tokens against $1.50 for Mercury 2, three parts input to one part output, read on 16 Sept 2026.
Where is each one cheapest?
Mercury 2: nobody goes below the maker's own price with a reason we can point at, so $1.50 is the number to beat. Qwen2.5 72B Instruct: nobody goes below OpenRouter's own price with a reason we can point at, so $1.48 is the number to beat.
Can I buy both from one provider?
Yes. 5 providers sell both: NanoGPT, Kilo Gateway, Nous Portal, OpenRouter, TrustedRouter. The cheapest of them for the two together is NanoGPT.
Which holds more context?
Mercury 2, at 128k tokens against 33k.

Prices exclude tax and are per million tokens, read 16 Sept 2026 from each provider's own catalog. The standard price blends three parts input to one part output; a page is 600 tokens in and 60 out. Bars are scaled to the larger value in each row.

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