Mercury 2.5 vs Morph V3 Fast
Updated October 21, 2026. No benchmark has tested both models yet. Coding is ranked on the Vibe Coding Index; every other board is shown as published.
- Coding
- 1.6
- Overall
- 12.3
- Output $/M
- $0.15
- Coding
- No data
- Overall
- No data
- Output $/M
- $1.20
Decision reading
Only Mercury 2.5 has a coding score, 1.6 on the Vibe Coding Index; Morph V3 Fast has none, so the two cannot be ranked on coding.
Morph V3 Fast has the edge where the context window is larger, 262K against 260K tokens.
No benchmark has tested both yet. Mercury 2.5 has results on Terminal-Bench 4 (Vals AI), Vibe Code Bench (Vals AI) and Code migration (Vals AI); Morph V3 Fast has none yet. Compare them on price and context instead.
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
No call
Only Mercury 2.5 has a AA Intelligence Index result, 12.3.
Directional only
Long documents
Listed context window
Morph V3 Fast
Morph V3 Fast takes 262K tokens against 260K.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
Mercury 2.5
Mercury 2.5 $0.0001, Morph V3 Fast $0.0014 per turn.
List prices
At a glance
- Coding index
- Mercury 2.5 1.6 from 2 benchmarks, Morph V3 Fast not benchmarked.
- Widest category
- None yet: no category has been tested on both models.
- Widest single gap
- None yet: no benchmark has tested both models.
- Output price
- Mercury 2.5 $0.15 against Morph V3 Fast $1.20 per million output tokens, 8.0x apart.
- Context window
- Mercury 2.5 takes 260K tokens, Morph V3 Fast 262K.
Benchmark by benchmark
Every board either model has a result on, a category to a fold; bars are each result on a 0 to 100 scale. Only one model is measured on each, so no row names a leader.
CodingDirectional onlySix of these boards feed the Vibe Coding Index9 boards measured
| Benchmark | Mercury 2.5 | Morph V3 Fast | Leader |
|---|---|---|---|
| Terminal-Bench 4 (Vals AI) | 0.0% | Not measured | Only Mercury 2.5 measured |
| Vibe Code Bench (Vals AI) | 3.7% | Not measured | Only Mercury 2.5 measured |
| Code migration (Vals AI) | 4.5% | Not measured | Only Mercury 2.5 measured |
| IOI (Vals AI) | 2.4% | Not measured | Only Mercury 2.5 measured |
| Terminal-Bench 2.1 (Vals AI) | 34.5% | Not measured | Only Mercury 2.5 measured |
| SkillsBench (Vals AI) | 18.1% | Not measured | Only Mercury 2.5 measured |
| CyberBench (Vals AI) | 45.5% | Not measured | Only Mercury 2.5 measured |
| SciCode | 38.5% | Not measured | Only Mercury 2.5 measured |
| ALE-Bench | 301.6 | Not measured | Only Mercury 2.5 measured |
| Neither model has a result on the other 29 boards here | |||
IntelligenceDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
| Benchmark | Mercury 2.5 | Morph V3 Fast | Leader |
|---|---|---|---|
| AA Intelligence Index | 12.3 | Not measured | Only Mercury 2.5 measured |
| Neither model has a result on the other 1 board here | |||
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index5 boards measured
| Benchmark | Mercury 2.5 | Morph V3 Fast | Leader |
|---|---|---|---|
| Finance Agent (Vals AI) | 18.9% | Not measured | Only Mercury 2.5 measured |
| Tax Agent Bench (Vals AI) | 2.5% | Not measured | Only Mercury 2.5 measured |
| Legal Research Bench (Vals AI) | 4.3% | Not measured | Only Mercury 2.5 measured |
| Excel Modeling Benchmark (Vals AI) | 8.8% | Not measured | Only Mercury 2.5 measured |
| Terminal-Bench-Science (Vals AI) | 0.0% | Not measured | Only Mercury 2.5 measured |
| Neither model has a result on the other 34 boards here | |||
ReasoningDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
| Benchmark | Mercury 2.5 | Morph V3 Fast | Leader |
|---|---|---|---|
| Humanity's Last Exam (Artificial Analysis run) | 11.8% | Not measured | Only Mercury 2.5 measured |
| Neither model has a result on the other 20 boards here | |||
MathDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
| Benchmark | Mercury 2.5 | Morph V3 Fast | Leader |
|---|---|---|---|
| ProofBench | 3.0% | Not measured | Only Mercury 2.5 measured |
| Neither model has a result on the other 12 boards here | |||
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index2 boards measured
| Benchmark | Mercury 2.5 | Morph V3 Fast | Leader |
|---|---|---|---|
| LegalBench (Vals AI) | 83.1% | Not measured | Only Mercury 2.5 measured |
| MedCode (Vals AI) | 31.3% | Not measured | Only Mercury 2.5 measured |
| Neither model has a result on the other 15 boards here | |||
GeneralDirectional onlyPublic boards, shown as published, kept out of the index3 boards measured
| Benchmark | Mercury 2.5 | Morph V3 Fast | Leader |
|---|---|---|---|
| Public Benefits Bench (Vals AI) | 45.3% | Not measured | Only Mercury 2.5 measured |
| MedScribe (Vals AI) | 55.1% | Not measured | Only Mercury 2.5 measured |
| Long context reasoning (AA-LCR) | 71.7% | Not measured | Only Mercury 2.5 measured |
| Neither model has a result on the other 43 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 | Inception Mercury 2.5 | Morph V3 Fast |
|---|---|---|
| Maker | Inception | Morph |
| Weights | No public weights listed | No public weights listed |
| Released | September 8, 2026 | July 7, 2025 |
| Context window | 260K | 262K |
| Input $/Mtok | $0.04 | $0.80 |
| Output $/Mtok | $0.15 | $1.20 |
| Coding index | 1.6 | Not benchmarked |
| Independent measurements behind it | 2 | 0 |
| Cost per solved task | Not computable | Not computable |
| Source | OpenRouter listing | OpenRouter listing |
Questions
Is Mercury 2.5 better than Morph V3 Fast for coding?
Only Mercury 2.5 has a coding score, 1.6 on the Vibe Coding Index; Morph V3 Fast has none, so the two cannot be ranked on coding. Morph V3 Fast has the edge where the context window is larger, 262K against 260K tokens.
Which is cheaper, Mercury 2.5 or Morph V3 Fast?
Mercury 2.5 costs $0.04 per million input tokens and $0.15 per million output tokens; Morph V3 Fast costs $0.80 and $1.20. Cost per solved task is known for neither of them.
Which has the bigger context window, Mercury 2.5 or Morph V3 Fast?
Morph V3 Fast, with 262K tokens against 260K.
Has any benchmark tested both Mercury 2.5 and Morph V3 Fast?
No benchmark has tested both yet. Mercury 2.5 has results on Terminal-Bench 4 (Vals AI), Vibe Code Bench (Vals AI) and Code migration (Vals AI); Morph V3 Fast has none yet. Compare them on price and context instead. Data as of October 21, 2026.