DeepSeek V3.2 Exp vs Mercury 2.5
DeepSeek V3.2 Exp leads Mercury 2.5 on the Artificial Analysis Intelligence Index, 16.6 to 12.3, and Mercury 2.5 costs 2.7x less per output token ($0.15 vs $0.41 per million). Updated October 21, 2026; 3 benchmarks have a result for both.
DeepSeek V3.2 Exp or Mercury 2.5: which to pick
Only Mercury 2.5 has a coding score, 1.6 on the Vibe Coding Index; DeepSeek V3.2 Exp has none, so the two cannot be ranked on coding.
Pick DeepSeek V3.2 Exp for work measured by AA Intelligence Index or Humanity's Last Exam (Artificial Analysis run), where it leads.
- Shared results
- 3
- DeepSeek V3.2 Exp only
- 56
- Mercury 2.5 only
- 19
- Like-for-like categories
- 3 of 9
Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.
Which one for your work
Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.
Coding
Vibe Coding Index, six public coding benchmarks
No call
Only Mercury 2.5 has a coding score, so no call is made.
One side not measured
Intelligence
AA Intelligence Index
DeepSeek V3.2 Exp
DeepSeek V3.2 Exp leads, 16.6 against 12.3.
Same board, both measured
Web design
Design Arena: websites
No call
Only DeepSeek V3.2 Exp has a Design Arena: websites result, 1179.
Directional only
Long documents
Listed context window
Mercury 2.5
Mercury 2.5 takes 260K tokens against 164K.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
Mercury 2.5
DeepSeek V3.2 Exp $0.0005, Mercury 2.5 $0.0001 per turn.
List prices
At a glance
- Coding index
- DeepSeek V3.2 Exp not benchmarked, Mercury 2.5 1.6 from 2 benchmarks.
- Widest category
- Intelligence, 4.3 points apart on average over 1 shared benchmark.
- Widest single gap
- AA Intelligence Index: DeepSeek V3.2 Exp 16.6 against Mercury 2.5 12.3, 4.3 points apart on a 0 to 100 scale.
- Output price
- DeepSeek V3.2 Exp $0.41 against Mercury 2.5 $0.15 per million output tokens, 2.7x apart.
- Context window
- DeepSeek V3.2 Exp takes 164K tokens, Mercury 2.5 260K.
Benchmark by benchmark
First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.
| Category | DeepSeek V3.2 Exp | Bars | Mercury 2.5 | Ties |
|---|---|---|---|---|
| Intelligence | 1 | 0 | ||
| Reasoning | 1 | 0 | ||
| General | 1 | 0 | ||
| All shared boards | 3 | 0 |
CodingDirectional onlySix of these boards feed the Vibe Coding Index17 boards, none shared
| Benchmark | DeepSeek V3.2 Exp | Mercury 2.5 | Leader |
|---|---|---|---|
| Aider polyglot | 74.2% | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena WebDev | 1272 | Not measured | Only DeepSeek V3.2 Exp measured |
| Terminal-Bench 4 (Vals AI) | Not measured | 0.0% | Only Mercury 2.5 measured |
| Vibe Code Bench (Vals AI) | Not measured | 3.7% | Only Mercury 2.5 measured |
| Code migration (Vals AI) | Not measured | 4.5% | Only Mercury 2.5 measured |
| IOI (Vals AI) | Not measured | 2.4% | Only Mercury 2.5 measured |
| Terminal-Bench 2.1 (Vals AI) | Not measured | 34.5% | Only Mercury 2.5 measured |
| SkillsBench (Vals AI) | Not measured | 18.1% | Only Mercury 2.5 measured |
| CyberBench (Vals AI) | Not measured | 45.5% | Only Mercury 2.5 measured |
| LiveCodeBench (Artificial Analysis run) | 78.9% | Not measured | Only DeepSeek V3.2 Exp measured |
| SciCode | Not measured | 38.5% | Only Mercury 2.5 measured |
| Terminal-Bench Hard (Artificial Analysis run) | 31.1% | Not measured | Only DeepSeek V3.2 Exp measured |
| WeirdML | 39.5% | Not measured | Only DeepSeek V3.2 Exp measured |
| ALE-Bench | Not measured | 301.6 | Only Mercury 2.5 measured |
| LMArena Text: coding | 1438 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: software and IT | 1438 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena WebDev: HTML | 1281 | Not measured | Only DeepSeek V3.2 Exp measured |
| Neither model has a result on the other 22 boards here | |||
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | DeepSeek V3.2 Exp | Mercury 2.5 | Leader |
|---|---|---|---|
| AA Intelligence Index | 16.6 | 12.3 | DeepSeek V3.2 Exp |
| Epoch Capabilities Index | 144.9 | Not measured | Only DeepSeek V3.2 Exp measured |
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
| Benchmark | DeepSeek V3.2 Exp | Mercury 2.5 | Leader |
|---|---|---|---|
| Finance Agent (Vals AI) | Not measured | 18.9% | Only Mercury 2.5 measured |
| Tax Agent Bench (Vals AI) | Not measured | 2.5% | Only Mercury 2.5 measured |
| Legal Research Bench (Vals AI) | Not measured | 4.3% | Only Mercury 2.5 measured |
| Excel Modeling Benchmark (Vals AI) | Not measured | 8.8% | Only Mercury 2.5 measured |
| Terminal-Bench-Science (Vals AI) | Not measured | 0.0% | Only Mercury 2.5 measured |
| τ²-Bench Telecom | 33.9% | Not measured | Only DeepSeek V3.2 Exp measured |
| TheAgentCompany | 42.9% | Not measured | Only DeepSeek V3.2 Exp measured |
| Berkeley Function Calling Leaderboard (BFCL) | 56.7% | Not measured | Only DeepSeek V3.2 Exp measured |
| Neither model has a result on the other 33 boards here | |||
ReasoningLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | DeepSeek V3.2 Exp | Mercury 2.5 | Leader |
|---|---|---|---|
| GPQA Diamond (Artificial Analysis run) | 79.7% | Not measured | Only DeepSeek V3.2 Exp measured |
| Humanity's Last Exam (Artificial Analysis run) | 14.9% | 11.8% | DeepSeek V3.2 Exp |
| LMArena Text: hard prompts | 1429 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: expert | 1422 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: hard prompts in English | 1444 | Not measured | Only DeepSeek V3.2 Exp measured |
| Kagi LLM Benchmark | 52.2% | Not measured | Only DeepSeek V3.2 Exp measured |
| Neither model has a result on the other 16 boards here | |||
MathDirectional onlyPublic boards, shown as published, kept out of the index5 boards, none shared
| Benchmark | DeepSeek V3.2 Exp | Mercury 2.5 | Leader |
|---|---|---|---|
| AA Math Index | 87.7 | Not measured | Only DeepSeek V3.2 Exp measured |
| AIME 2025 (Artificial Analysis run) | 87.7% | Not measured | Only DeepSeek V3.2 Exp measured |
| ProofBench | Not measured | 3.0% | Only Mercury 2.5 measured |
| LMArena Text: math | 1422 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: mathematical work | 1433 | Not measured | Only DeepSeek V3.2 Exp measured |
| Neither model has a result on the other 8 boards here | |||
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index7 boards, none shared
| Benchmark | DeepSeek V3.2 Exp | Mercury 2.5 | Leader |
|---|---|---|---|
| LegalBench (Vals AI) | Not measured | 83.1% | Only Mercury 2.5 measured |
| MedCode (Vals AI) | Not measured | 31.3% | Only Mercury 2.5 measured |
| MMLU Pro (Artificial Analysis run) | 85.0% | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: science | 1443 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: medicine and healthcare | 1468 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: legal and government | 1419 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: business and finance | 1412 | Not measured | Only DeepSeek V3.2 Exp measured |
| Neither model has a result on the other 11 boards here | |||
Web designDirectional onlyPublic boards, shown as published, kept out of the index7 boards, none shared
| Benchmark | DeepSeek V3.2 Exp | Mercury 2.5 | Leader |
|---|---|---|---|
| Design Arena: websites | 1179 | Not measured | Only DeepSeek V3.2 Exp measured |
| Design Arena: UI components | 1167 | Not measured | Only DeepSeek V3.2 Exp measured |
| Design Arena: game dev | 1144 | Not measured | Only DeepSeek V3.2 Exp measured |
| Design Arena: data viz | 1152 | Not measured | Only DeepSeek V3.2 Exp measured |
| Design Arena: 3D | 1148 | Not measured | Only DeepSeek V3.2 Exp measured |
| Design Arena: all code categories | 1171 | Not measured | Only DeepSeek V3.2 Exp measured |
| Design Arena: SVG | 1032 | Not measured | Only DeepSeek V3.2 Exp measured |
| Neither model has a result on the other 2 boards here | |||
GeneralLike-for-likePublic boards, shown as published, kept out of the index10
| Benchmark | DeepSeek V3.2 Exp | Mercury 2.5 | Leader |
|---|---|---|---|
| Public Benefits Bench (Vals AI) | Not measured | 45.3% | Only Mercury 2.5 measured |
| MedScribe (Vals AI) | Not measured | 55.1% | Only Mercury 2.5 measured |
| IFBench | 54.1% | Not measured | Only DeepSeek V3.2 Exp measured |
| Long context reasoning (AA-LCR) | 72.3% | 71.7% | DeepSeek V3.2 Exp |
| DTBench | 87.7% | Not measured | Only DeepSeek V3.2 Exp measured |
| LMCA | 29.1% | Not measured | Only DeepSeek V3.2 Exp measured |
| Fiction.LiveBench | 83.3% | Not measured | Only DeepSeek V3.2 Exp measured |
| CL-bench | 13.2% | Not measured | Only DeepSeek V3.2 Exp measured |
| CL-bench Life | 9.5% | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text | 1425 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: instruction following | 1401 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: creative writing | 1404 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: English | 1441 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: non-English | 1404 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: Chinese | 1461 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: German | 1440 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: Japanese | 1331 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: Korean | 1372 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: French | 1434 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: Spanish | 1441 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: Russian | 1412 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: Polish | 1435 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: multi-turn | 1422 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: longer queries | 1418 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: writing and language | 1407 | Not measured | Only DeepSeek V3.2 Exp measured |
| LMArena Text: entertainment and media | 1407 | Not measured | Only DeepSeek V3.2 Exp measured |
| Neither model has a result on the other 20 boards here | |||
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
| Benchmark | DeepSeek V3.2 Exp | Mercury 2.5 | Leader |
|---|---|---|---|
| Neither model has a result on 5 boards here | |||
What each workload costs
Three fixed token mixes at each model's listed price, so per-token rates become a bill.
Chat turn
1K input + 500 output tokens
Mercury 2.5 costs less
Repository review
50K input + 3K output tokens
Mercury 2.5 costs less
Agent loop
200K input + 10K output tokens
Mercury 2.5 costs less
Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.
Specification differences
The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.
| Specification | DeepSeek V3.2 Exp | Inception Mercury 2.5 |
|---|---|---|
| Maker | DeepSeek | Inception |
| Weights | Open weights | No public weights listed |
| Released | September 29, 2025 | September 8, 2026 |
| Context window | 164K | 260K |
| Input $/Mtok | $0.27 | $0.04 |
| Output $/Mtok | $0.41 | $0.15 |
| Coding index | Not benchmarked | 1.6 |
| Independent measurements behind it | 1 | 2 |
| Cost per solved task | Not computable | Not computable |
| Source | OpenRouter listing | OpenRouter listing |
Questions
Is DeepSeek V3.2 Exp better than Mercury 2.5 for coding?
Only Mercury 2.5 has a coding score, 1.6 on the Vibe Coding Index; DeepSeek V3.2 Exp has none, so the two cannot be ranked on coding. Pick DeepSeek V3.2 Exp for work measured by AA Intelligence Index or Humanity's Last Exam (Artificial Analysis run), where it leads.
Which is cheaper, DeepSeek V3.2 Exp or Mercury 2.5?
DeepSeek V3.2 Exp costs $0.27 per million input tokens and $0.41 per million output tokens; Mercury 2.5 costs $0.04 and $0.15. Cost per solved task is known for neither of them.
Which has the bigger context window, DeepSeek V3.2 Exp or Mercury 2.5?
Mercury 2.5, with 260K tokens against 164K.
How many benchmarks is the DeepSeek V3.2 Exp vs Mercury 2.5 comparison based on?
3 benchmarks have a result for both models as of October 21, 2026. DeepSeek V3.2 Exp's coding index rests on 1 independent benchmark and Mercury 2.5's on 2. Where only one model has a result, the page says so instead of naming a winner.