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Mercury 2 vs Kimi K2 0905

Kimi K2 0905 leads Mercury 2 on the Artificial Analysis Intelligence Index, 15.3 to 10.8, and Mercury 2 costs 3.3x less per output token ($0.75 vs $2.50 per million). Updated October 21, 2026; 11 benchmarks have a result for both.

Mercury 2Inception
Coding
No data
Overall
No data
Output $/M
$0.75
6
Kimi K2 0905Moonshot AI
Coding
No data
Overall
No data
Output $/M
$2.50
5
vs boards won of 11 shared

Mercury 2 or Kimi K2 0905: which to pick

Neither model has a coding score yet, so the two cannot be ranked on coding.

Pick Mercury 2 for output tokens 3.3x cheaper ($0.75 vs $2.50 per million) and work measured by AA Intelligence Index or τ²-Bench Telecom, where it leads.

Shared results
11
Mercury 2 only
31
Kimi K2 0905 only
6
Like-for-like categories
6 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 not benchmarked, Kimi K2 0905 not benchmarked.
Widest category
General, 18.7 points apart on average over 2 shared benchmarks.
Widest single gap
IFBench: Mercury 2 69.8% against Kimi K2 0905 41.7%, 28.1 points apart on a 0 to 100 scale.
Output price
Mercury 2 $0.75 against Kimi K2 0905 $2.50 per million output tokens, 3.3x apart.
Context window
Mercury 2 takes 128K tokens, Kimi K2 0905 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 2BarsKimi K2 0905Ties
Coding30
Intelligence01
Agentic work01
Reasoning20
Web design02
General11
All shared boards65
CodingLike-for-likeSix of these boards feed the Vibe Coding Index30
Coding benchmarks for Mercury 2 and Kimi K2 0905
BenchmarkMercury 2Kimi K2 0905Leader
LMArena WebDev1171Not measuredOnly Mercury 2 measured
AA Coding Index31.1Not measuredOnly Mercury 2 measured
LiveCodeBench (Artificial Analysis run)Not measured61.0%Only Kimi K2 0905 measured
SciCode37.7%Not measuredOnly Mercury 2 measured
Terminal-Bench Hard (Artificial Analysis run)26.5%23.5%Mercury 2
WeirdML43.2%36.7%Mercury 2
ALE-Bench785.6267.1Mercury 2
LMArena Text: coding1390Not measuredOnly Mercury 2 measured
LMArena Text: software and IT1385Not measuredOnly Mercury 2 measured
LMArena WebDev: React1160Not measuredOnly Mercury 2 measured
LMArena WebDev: HTML1199Not measuredOnly Mercury 2 measured
Neither model has a result on the other 28 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
Intelligence benchmarks for Mercury 2 and Kimi K2 0905
BenchmarkMercury 2Kimi K2 0905Leader
AA Intelligence Index10.815.3Kimi K2 0905
Neither model has a result on the other 1 board here
Agentic workLike-for-likePublic boards, shown as published, kept out of the index01
Agentic work benchmarks for Mercury 2 and Kimi K2 0905
BenchmarkMercury 2Kimi K2 0905Leader
AA Agentic Index1.6Not measuredOnly Mercury 2 measured
τ²-Bench Telecom70.8%73.4%Kimi K2 0905
Neither model has a result on the other 39 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index20
Reasoning benchmarks for Mercury 2 and Kimi K2 0905
BenchmarkMercury 2Kimi K2 0905Leader
GPQA Diamond (Artificial Analysis run)77.0%76.7%Mercury 2
Humanity's Last Exam (Artificial Analysis run)17.1%6.4%Mercury 2
LMArena Text: hard prompts1362Not measuredOnly Mercury 2 measured
LMArena Text: expert1358Not measuredOnly Mercury 2 measured
LMArena Text: hard prompts in English1374Not measuredOnly Mercury 2 measured
Kagi LLM BenchmarkNot measured52.2%Only Kimi K2 0905 measured
Neither model has a result on the other 16 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index2 boards, none shared
Math benchmarks for Mercury 2 and Kimi K2 0905
BenchmarkMercury 2Kimi K2 0905Leader
AA Math IndexNot measured57.3Only Kimi K2 0905 measured
AIME 2025 (Artificial Analysis run)Not measured57.3%Only Kimi K2 0905 measured
Neither model has a result on the other 11 boards here
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index4 boards, none shared
Knowledge benchmarks for Mercury 2 and Kimi K2 0905
BenchmarkMercury 2Kimi K2 0905Leader
MMLU Pro (Artificial Analysis run)Not measured81.9%Only Kimi K2 0905 measured
LMArena Text: science1343Not measuredOnly Mercury 2 measured
LMArena Text: medicine and healthcare1363Not measuredOnly Mercury 2 measured
LMArena Text: business and finance1349Not measuredOnly Mercury 2 measured
Neither model has a result on the other 14 boards here
Web designLike-for-likePublic boards, shown as published, kept out of the index02
Web design benchmarks for Mercury 2 and Kimi K2 0905
BenchmarkMercury 2Kimi K2 0905Leader
Design Arena: websites10361089Kimi K2 0905
Design Arena: UI components998Not measuredOnly Mercury 2 measured
Design Arena: game dev985Not measuredOnly Mercury 2 measured
Design Arena: data viz1009Not measuredOnly Mercury 2 measured
Design Arena: 3D983Not measuredOnly Mercury 2 measured
Design Arena: all code categories10221098Kimi K2 0905
Design Arena: SVG998Not measuredOnly Mercury 2 measured
Design Arena: ASCII art988Not measuredOnly Mercury 2 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 and Kimi K2 0905
BenchmarkMercury 2Kimi K2 0905Leader
IFBench69.8%41.7%Mercury 2
Long context reasoning (AA-LCR)43.7%53.0%Kimi K2 0905
Fiction.LiveBenchNot measured66.7%Only Kimi K2 0905 measured
LMArena Text1354Not measuredOnly Mercury 2 measured
LMArena Text: instruction following1328Not measuredOnly Mercury 2 measured
LMArena Text: creative writing1286Not measuredOnly Mercury 2 measured
LMArena Text: English1378Not measuredOnly Mercury 2 measured
LMArena Text: non-English1330Not measuredOnly Mercury 2 measured
LMArena Text: Chinese1414Not measuredOnly Mercury 2 measured
LMArena Text: Russian1304Not measuredOnly Mercury 2 measured
LMArena Text: multi-turn1357Not measuredOnly Mercury 2 measured
LMArena Text: longer queries1329Not measuredOnly Mercury 2 measured
LMArena Text: writing and language1300Not measuredOnly Mercury 2 measured
LMArena Text: entertainment and media1314Not measuredOnly Mercury 2 measured
Neither model has a result on the other 32 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Mercury 2 and Kimi K2 0905
BenchmarkMercury 2Kimi K2 0905Leader
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$0.0006Fits in one request
Kimi K2 0905$0.0019Fits in one request

Mercury 2 costs less

Repository review

50K input + 3K output tokens

Mercury 2$0.015Fits in one request
Kimi K2 0905$0.037Fits in one request

Mercury 2 costs less

Agent loop

200K input + 10K output tokens

Mercury 2$0.058Exceeds the context window
Kimi K2 0905$0.145Fits in one request

Mercury 2 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 and Kimi K2 0905
SpecificationInception Mercury 2MoonshotAI Kimi K2 0905
MakerInceptionMoonshot AI
WeightsNo public weights listedOpen weights
ReleasedMarch 4, 2026September 4, 2025
Context window128K262K
Input $/Mtok$0.25$0.60
Output $/Mtok$0.75$2.50
Coding indexNot benchmarkedNot benchmarked
Independent measurements behind it10
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Mercury 2 better than Kimi K2 0905 for coding?

Neither model has a coding score yet, so the two cannot be ranked on coding. Pick Mercury 2 for output tokens 3.3x cheaper ($0.75 vs $2.50 per million) and work measured by AA Intelligence Index or τ²-Bench Telecom, where it leads.

Which is cheaper, Mercury 2 or Kimi K2 0905?

Mercury 2 costs $0.25 per million input tokens and $0.75 per million output tokens; Kimi K2 0905 costs $0.60 and $2.50. Cost per solved task is known for neither of them.

Which has the bigger context window, Mercury 2 or Kimi K2 0905?

Kimi K2 0905, with 262K tokens against 128K.

How many benchmarks is the Mercury 2 vs Kimi K2 0905 comparison based on?

11 benchmarks have a result for both models as of October 21, 2026. Mercury 2's coding index rests on 1 independent benchmark and Kimi K2 0905's on 0. Where only one model has a result, the page says so instead of naming a winner.

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