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Mercury 2.5 vs Mistral Medium 3.5

Mistral Medium 3.5 leads Mercury 2.5 on coding, 25.5 to 1.6 on the Vibe Coding Index, and Mercury 2.5 costs 50.0x less per output token ($0.15 vs $7.50 per million). Updated October 21, 2026; 15 benchmarks have a result for both.

Mercury 2.5Inception
Coding
1.6
Overall
No data
Output $/M
$0.15
2
Mistral Medium 3.5Mistral AI
Coding
25.5
Overall
37.3
Output $/M
$7.50
13
vs boards won of 15 shared

Mercury 2.5 or Mistral Medium 3.5: which to pick

Pick Mistral Medium 3.5 for coding: it scores 25.5 on the Vibe Coding Index against 1.6 for Mercury 2.5.

Pick Mercury 2.5 for output tokens 50.0x cheaper ($0.15 vs $7.50 per million) and work measured by Vibe Code Bench (Vals AI) or Long context reasoning (AA-LCR), where it leads.

Shared results
15
Mercury 2.5 only
7
Mistral Medium 3.5 only
66
Like-for-like categories
7 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.

At a glance

Coding index
Mercury 2.5 1.6 from 2 benchmarks, Mistral Medium 3.5 25.5 from 3 benchmarks.
Widest category
General, 7.5 points apart on average over 2 shared benchmarks.
Widest single gap
ALE-Bench: Mercury 2.5 301.6 against Mistral Medium 3.5 764.0, 15.4 points apart on a 0 to 100 scale.
Output price
Mercury 2.5 $0.15 against Mistral Medium 3.5 $7.50 per million output tokens, 50.0x apart.
Context window
Mercury 2.5 takes 260K tokens, Mistral Medium 3.5 262K.

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.

Boards won, where both have a result
CategoryMercury 2.5BarsMistral Medium 3.5Ties
Coding14
Intelligence01
Agentic work04
Reasoning01
Math01
Knowledge01
General11
All shared boards213
CodingLike-for-likeSix of these boards feed the Vibe Coding Index14
Coding benchmarks for Mercury 2.5 and Mistral Medium 3.5
BenchmarkMercury 2.5Mistral Medium 3.5Leader
LMArena WebDevNot measured1264Only Mistral Medium 3.5 measured
AA Coding IndexNot measured46.9Only Mistral Medium 3.5 measured
SWE-bench Verified (Vals AI)Not measured66.4%Only Mistral Medium 3.5 measured
Terminal-Bench 4 (Vals AI)0.0%Not measuredOnly Mercury 2.5 measured
Vibe Code Bench (Vals AI)3.7%2.9%Mercury 2.5
Code migration (Vals AI)4.5%5.1%Mistral Medium 3.5
IOI (Vals AI)2.4%Not measuredOnly Mercury 2.5 measured
Terminal-Bench 2.1 (Vals AI)34.5%39.0%Mistral Medium 3.5
SkillsBench (Vals AI)18.1%Not measuredOnly Mercury 2.5 measured
CyberBench (Vals AI)45.5%Not measuredOnly Mercury 2.5 measured
SciCode38.5%40.2%Mistral Medium 3.5
Terminal-Bench Hard (Artificial Analysis run)Not measured33.3%Only Mistral Medium 3.5 measured
ALE-Bench301.6764.0Mistral Medium 3.5
LMArena Text: codingNot measured1460Only Mistral Medium 3.5 measured
LMArena Text: software and ITNot measured1458Only Mistral Medium 3.5 measured
LMArena WebDev: ReactNot measured1254Only Mistral Medium 3.5 measured
LMArena WebDev: HTMLNot measured1308Only Mistral Medium 3.5 measured
Neither model has a result on the other 22 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
Intelligence benchmarks for Mercury 2.5 and Mistral Medium 3.5
BenchmarkMercury 2.5Mistral Medium 3.5Leader
AA Intelligence Index12.314.2Mistral Medium 3.5
Epoch Capabilities IndexNot measured141.4Only Mistral Medium 3.5 measured
Agentic workLike-for-likePublic boards, shown as published, kept out of the index04
Agentic work benchmarks for Mercury 2.5 and Mistral Medium 3.5
BenchmarkMercury 2.5Mistral Medium 3.5Leader
AA Agentic IndexNot measured7.0Only Mistral Medium 3.5 measured
Finance Agent (Vals AI)18.9%32.1%Mistral Medium 3.5
Tax Agent Bench (Vals AI)2.5%4.5%Mistral Medium 3.5
Legal Research Bench (Vals AI)4.3%9.1%Mistral Medium 3.5
Excel Modeling Benchmark (Vals AI)8.8%11.2%Mistral Medium 3.5
Terminal-Bench-Science (Vals AI)0.0%Not measuredOnly Mercury 2.5 measured
τ²-Bench TelecomNot measured94.2%Only Mistral Medium 3.5 measured
Neither model has a result on the other 34 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index01
Reasoning benchmarks for Mercury 2.5 and Mistral Medium 3.5
BenchmarkMercury 2.5Mistral Medium 3.5Leader
GPQA DiamondNot measured34.9%Only Mistral Medium 3.5 measured
GPQA Diamond (Artificial Analysis run)Not measured74.8%Only Mistral Medium 3.5 measured
Humanity's Last Exam (Artificial Analysis run)11.8%13.8%Mistral Medium 3.5
LMArena Text: hard promptsNot measured1436Only Mistral Medium 3.5 measured
LMArena Text: expertNot measured1432Only Mistral Medium 3.5 measured
LMArena Text: hard prompts in EnglishNot measured1445Only Mistral Medium 3.5 measured
LMArena Vision: diagramsNot measured1254Only Mistral Medium 3.5 measured
LMArena Vision: homeworkNot measured1230Only Mistral Medium 3.5 measured
Kagi LLM BenchmarkNot measured41.4%Only Mistral Medium 3.5 measured
Neither model has a result on the other 13 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index01
Math benchmarks for Mercury 2.5 and Mistral Medium 3.5
BenchmarkMercury 2.5Mistral Medium 3.5Leader
ProofBench3.0%9.0%Mistral Medium 3.5
LMArena Text: mathNot measured1431Only Mistral Medium 3.5 measured
LMArena Text: mathematical workNot measured1440Only Mistral Medium 3.5 measured
Neither model has a result on the other 10 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index01
Knowledge benchmarks for Mercury 2.5 and Mistral Medium 3.5
BenchmarkMercury 2.5Mistral Medium 3.5Leader
MMLU ProNot measured75.3%Only Mistral Medium 3.5 measured
LegalBench (Vals AI)83.1%Not measuredOnly Mercury 2.5 measured
CaseLaw (Vals AI)Not measured44.2%Only Mistral Medium 3.5 measured
CorpFin (Vals AI)Not measured58.8%Only Mistral Medium 3.5 measured
TaxEval (Vals AI)Not measured68.0%Only Mistral Medium 3.5 measured
MortgageTax (Vals AI)Not measured28.9%Only Mistral Medium 3.5 measured
MedCode (Vals AI)31.3%33.8%Mistral Medium 3.5
LMArena Text: scienceNot measured1428Only Mistral Medium 3.5 measured
LMArena Text: medicine and healthcareNot measured1409Only Mistral Medium 3.5 measured
LMArena Text: legal and governmentNot measured1437Only Mistral Medium 3.5 measured
LMArena Text: business and financeNot measured1426Only Mistral Medium 3.5 measured
Neither model has a result on the other 7 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
Web design benchmarks for Mercury 2.5 and Mistral Medium 3.5
BenchmarkMercury 2.5Mistral Medium 3.5Leader
Design Arena: websitesNot measured1142Only Mistral Medium 3.5 measured
Design Arena: UI componentsNot measured1079Only Mistral Medium 3.5 measured
Design Arena: game devNot measured1079Only Mistral Medium 3.5 measured
Design Arena: data vizNot measured1120Only Mistral Medium 3.5 measured
Design Arena: 3DNot measured1061Only Mistral Medium 3.5 measured
Design Arena: all code categoriesNot measured1121Only Mistral Medium 3.5 measured
Design Arena: SVGNot measured950Only Mistral Medium 3.5 measured
Design Arena: ASCII artNot measured1063Only Mistral Medium 3.5 measured
Neither model has a result on the other 1 board here
GeneralLike-for-likePublic boards, shown as published, kept out of the index11
General benchmarks for Mercury 2.5 and Mistral Medium 3.5
BenchmarkMercury 2.5Mistral Medium 3.5Leader
Public Benefits Bench (Vals AI)45.3%Not measuredOnly Mercury 2.5 measured
SAGE (Vals AI)Not measured37.6%Only Mistral Medium 3.5 measured
MedScribe (Vals AI)55.1%67.7%Mistral Medium 3.5
Vals Multimodal IndexNot measured34.8%Only Mistral Medium 3.5 measured
IFBenchNot measured68.8%Only Mistral Medium 3.5 measured
Long context reasoning (AA-LCR)71.7%69.3%Mercury 2.5
DTBenchNot measured75.5%Only Mistral Medium 3.5 measured
LMCANot measured26.1%Only Mistral Medium 3.5 measured
Surface Evolver BenchNot measured26.9%Only Mistral Medium 3.5 measured
LMArena TextNot measured1421Only Mistral Medium 3.5 measured
LMArena Text: instruction followingNot measured1415Only Mistral Medium 3.5 measured
LMArena Text: creative writingNot measured1374Only Mistral Medium 3.5 measured
LMArena VisionNot measured1222Only Mistral Medium 3.5 measured
LMArena Text: EnglishNot measured1433Only Mistral Medium 3.5 measured
LMArena Text: non-EnglishNot measured1404Only Mistral Medium 3.5 measured
LMArena Text: ChineseNot measured1444Only Mistral Medium 3.5 measured
LMArena Text: GermanNot measured1453Only Mistral Medium 3.5 measured
LMArena Text: KoreanNot measured1384Only Mistral Medium 3.5 measured
LMArena Text: FrenchNot measured1448Only Mistral Medium 3.5 measured
LMArena Text: SpanishNot measured1411Only Mistral Medium 3.5 measured
LMArena Text: RussianNot measured1395Only Mistral Medium 3.5 measured
LMArena Text: PolishNot measured1430Only Mistral Medium 3.5 measured
LMArena Text: multi-turnNot measured1423Only Mistral Medium 3.5 measured
LMArena Text: longer queriesNot measured1415Only Mistral Medium 3.5 measured
LMArena Text: writing and languageNot measured1384Only Mistral Medium 3.5 measured
LMArena Text: entertainment and mediaNot measured1382Only Mistral Medium 3.5 measured
LMArena Vision: EnglishNot measured1240Only Mistral Medium 3.5 measured
LMArena Vision: ChineseNot measured1244Only Mistral Medium 3.5 measured
LMArena Vision: reading textNot measured1233Only Mistral Medium 3.5 measured
LMArena Vision: humorNot measured1216Only Mistral Medium 3.5 measured
LMArena Vision: creative writingNot measured1198Only Mistral Medium 3.5 measured
Neither model has a result on the other 15 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Mercury 2.5 and Mistral Medium 3.5
BenchmarkMercury 2.5Mistral Medium 3.5Leader
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$0.0001Fits in one request
Mistral Medium 3.5$0.0053Fits in one request

Mercury 2.5 costs less

Repository review

50K input + 3K output tokens

Mercury 2.5$0.0024Fits in one request
Mistral Medium 3.5$0.098Fits in one request

Mercury 2.5 costs less

Agent loop

200K input + 10K output tokens

Mercury 2.5$0.0095Fits in one request
Mistral Medium 3.5$0.375Fits in one request

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.

Specifications of Mercury 2.5 and Mistral Medium 3.5
SpecificationInception Mercury 2.5Mistral Medium 3.5
MakerInceptionMistral AI
WeightsNo public weights listedNo public weights listed
ReleasedSeptember 8, 2026April 30, 2026
Context window260K262K
Input $/Mtok$0.04$1.50
Output $/Mtok$0.15$7.50
Coding index1.625.5
Independent measurements behind it23
Cost per solved taskNot computable$6.02
SourceOpenRouter listingOpenRouter listing

Questions

Is Mercury 2.5 better than Mistral Medium 3.5 for coding?

Pick Mistral Medium 3.5 for coding: it scores 25.5 on the Vibe Coding Index against 1.6 for Mercury 2.5. Pick Mercury 2.5 for output tokens 50.0x cheaper ($0.15 vs $7.50 per million) and work measured by Vibe Code Bench (Vals AI) or Long context reasoning (AA-LCR), where it leads.

Which is cheaper, Mercury 2.5 or Mistral Medium 3.5?

Mercury 2.5 costs $0.04 per million input tokens and $0.15 per million output tokens; Mistral Medium 3.5 costs $1.50 and $7.50. Cost per solved task is known for Mistral Medium 3.5 only.

Which has the bigger context window, Mercury 2.5 or Mistral Medium 3.5?

Mistral Medium 3.5, with 262K tokens against 260K.

How many benchmarks is the Mercury 2.5 vs Mistral Medium 3.5 comparison based on?

15 benchmarks have a result for both models as of October 21, 2026. Mercury 2.5's coding index rests on 2 independent benchmarks and Mistral Medium 3.5's on 3. Where only one model has a result, the page says so instead of naming a winner.

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