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Mercury 2 vs Mistral Small 3.1 24B

Mistral Small 3.1 24B costs 1.4x less per output token than Mercury 2 ($0.555 vs $0.75 per million). Updated October 22, 2026; 19 benchmarks have a result for both.

Mercury 2Inception
Coding
No data
Overall
No data
Output $/M
$0.75
19
Mistral Small 3.1 24BMistral AI
Coding
No data
Overall
No data
Output $/M
$0.555
0
vs boards won of 19 shared

Mercury 2 or Mistral Small 3.1 24B: which to pick

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

Compare them on price, context and the boards below.

Shared results
19
Mercury 2 only
23
Mistral Small 3.1 24B only
19
Like-for-like categories
4 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, Mistral Small 3.1 24B not benchmarked.
Widest category
Reasoning, 14.9 points apart on average over 3 shared benchmarks.
Widest single gap
LMArena Text: Chinese: Mercury 2 1414 against Mistral Small 3.1 24B 1253, 26.9 points apart on a 0 to 100 scale.
Output price
Mercury 2 $0.75 against Mistral Small 3.1 24B $0.555 per million output tokens, 1.4x apart.
Context window
Both take 128K tokens.

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 2BarsMistral Small 3.1 24BTies
Coding20
Reasoning30
Knowledge30
General110
All shared boards190
CodingLike-for-likeSix of these boards feed the Vibe Coding Index20
Coding benchmarks for Mercury 2 and Mistral Small 3.1 24B
BenchmarkMercury 2Mistral Small 3.1 24BLeader
LMArena WebDev1171Not measuredOnly Mercury 2 measured
AA Coding Index31.1Not measuredOnly Mercury 2 measured
SciCode37.7%Not measuredOnly Mercury 2 measured
Terminal-Bench Hard (Artificial Analysis run)26.5%Not measuredOnly Mercury 2 measured
WeirdML43.2%Not measuredOnly Mercury 2 measured
ALE-Bench785.6Not measuredOnly Mercury 2 measured
LMArena Text: coding13901309Mercury 2
LMArena Text: software and IT13851301Mercury 2
LMArena WebDev: React1160Not measuredOnly Mercury 2 measured
LMArena WebDev: HTML1199Not measuredOnly Mercury 2 measured
Neither model has a result on the other 29 boards here
IntelligenceDirectional onlyPublic boards, shown as published, kept out of the index1 board, none shared
Intelligence benchmarks for Mercury 2 and Mistral Small 3.1 24B
BenchmarkMercury 2Mistral Small 3.1 24BLeader
AA Intelligence Index10.8Not measuredOnly Mercury 2 measured
Neither model has a result on the other 1 board here
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index2 boards, none shared
Agentic work benchmarks for Mercury 2 and Mistral Small 3.1 24B
BenchmarkMercury 2Mistral Small 3.1 24BLeader
AA Agentic Index1.6Not measuredOnly Mercury 2 measured
τ²-Bench Telecom70.8%Not measuredOnly Mercury 2 measured
Neither model has a result on the other 39 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index30
Reasoning benchmarks for Mercury 2 and Mistral Small 3.1 24B
BenchmarkMercury 2Mistral Small 3.1 24BLeader
GPQA Diamond (Artificial Analysis run)77.0%Not measuredOnly Mercury 2 measured
Humanity's Last Exam (Artificial Analysis run)17.1%Not measuredOnly Mercury 2 measured
LMArena Text: hard prompts13621278Mercury 2
LMArena Text: expert13581257Mercury 2
LMArena Text: hard prompts in English13741290Mercury 2
LMArena Vision: diagramsNot measured1119Only Mistral Small 3.1 24B measured
LMArena Vision: homeworkNot measured1158Only Mistral Small 3.1 24B measured
Neither model has a result on the other 15 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index2 boards, none shared
Math benchmarks for Mercury 2 and Mistral Small 3.1 24B
BenchmarkMercury 2Mistral Small 3.1 24BLeader
LMArena Text: mathNot measured1261Only Mistral Small 3.1 24B measured
LMArena Text: mathematical workNot measured1271Only Mistral Small 3.1 24B measured
Neither model has a result on the other 11 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index30
Knowledge benchmarks for Mercury 2 and Mistral Small 3.1 24B
BenchmarkMercury 2Mistral Small 3.1 24BLeader
LMArena Text: science13431265Mercury 2
LMArena Text: medicine and healthcare13631267Mercury 2
LMArena Text: legal and governmentNot measured1271Only Mistral Small 3.1 24B measured
LMArena Text: business and finance13491257Mercury 2
Neither model has a result on the other 14 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
Web design benchmarks for Mercury 2 and Mistral Small 3.1 24B
BenchmarkMercury 2Mistral Small 3.1 24BLeader
Design Arena: websites1036Not measuredOnly Mercury 2 measured
Design Arena: UI components996Not measuredOnly Mercury 2 measured
Design Arena: game dev984Not measuredOnly Mercury 2 measured
Design Arena: data viz1009Not measuredOnly Mercury 2 measured
Design Arena: 3D982Not measuredOnly Mercury 2 measured
Design Arena: all code categories1021Not measuredOnly Mercury 2 measured
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 index110
General benchmarks for Mercury 2 and Mistral Small 3.1 24B
BenchmarkMercury 2Mistral Small 3.1 24BLeader
IFBench69.8%Not measuredOnly Mercury 2 measured
Long context reasoning (AA-LCR)43.7%Not measuredOnly Mercury 2 measured
LMArena Text13541277Mercury 2
LMArena Text: instruction following13281263Mercury 2
LMArena Text: creative writing12861252Mercury 2
LMArena VisionNot measured1136Only Mistral Small 3.1 24B measured
LMArena Text: English13781295Mercury 2
LMArena Text: non-English13301255Mercury 2
LMArena Text: Chinese14141253Mercury 2
LMArena Text: GermanNot measured1266Only Mistral Small 3.1 24B measured
LMArena Text: JapaneseNot measured1208Only Mistral Small 3.1 24B measured
LMArena Text: KoreanNot measured1207Only Mistral Small 3.1 24B measured
LMArena Text: FrenchNot measured1273Only Mistral Small 3.1 24B measured
LMArena Text: SpanishNot measured1284Only Mistral Small 3.1 24B measured
LMArena Text: Russian13041263Mercury 2
LMArena Text: PolishNot measured1242Only Mistral Small 3.1 24B measured
LMArena Text: multi-turn13571270Mercury 2
LMArena Text: longer queries13291299Mercury 2
LMArena Text: writing and language13001268Mercury 2
LMArena Text: entertainment and media13141250Mercury 2
LMArena Vision: EnglishNot measured1157Only Mistral Small 3.1 24B measured
LMArena Vision: ChineseNot measured1155Only Mistral Small 3.1 24B measured
LMArena Vision: reading textNot measured1132Only Mistral Small 3.1 24B measured
LMArena Vision: humorNot measured1142Only Mistral Small 3.1 24B measured
LMArena Vision: captioningNot measured1153Only Mistral Small 3.1 24B measured
LMArena Vision: recognizing thingsNot measured1155Only Mistral Small 3.1 24B measured
LMArena Vision: creative writingNot measured1123Only Mistral Small 3.1 24B measured
Neither model has a result on the other 19 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Mercury 2 and Mistral Small 3.1 24B
BenchmarkMercury 2Mistral Small 3.1 24BLeader
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
Mistral Small 3.1 24B$0.0006Fits in one request

Mercury 2 costs less

Repository review

50K input + 3K output tokens

Mercury 2$0.015Fits in one request
Mistral Small 3.1 24B$0.019Fits in one request

Mercury 2 costs less

Agent loop

200K input + 10K output tokens

Mercury 2$0.058Exceeds the context window
Mistral Small 3.1 24B$0.076Exceeds the context window

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 Mistral Small 3.1 24B
SpecificationInception Mercury 2Mistral Small 3.1 24B
MakerInceptionMistral AI
WeightsNo public weights listedOpen weights
ReleasedMarch 4, 2026March 17, 2025
Context window128K128K
Input $/Mtok$0.25$0.351
Output $/Mtok$0.75$0.555
Coding indexNot benchmarkedNot benchmarked
Independent measurements behind it10
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Mercury 2 better than Mistral Small 3.1 24B for coding?

Neither model has a coding score yet, so the two cannot be ranked on coding. Compare them on price, context and the boards below.

Which is cheaper, Mercury 2 or Mistral Small 3.1 24B?

Mercury 2 costs $0.25 per million input tokens and $0.75 per million output tokens; Mistral Small 3.1 24B costs $0.351 and $0.555. Cost per solved task is known for neither of them.

Which has the bigger context window, Mercury 2 or Mistral Small 3.1 24B?

Neither: both take 128K tokens.

How many benchmarks is the Mercury 2 vs Mistral Small 3.1 24B comparison based on?

19 benchmarks have a result for both models as of October 22, 2026. Mercury 2's coding index rests on 1 independent benchmark and Mistral Small 3.1 24B's on 0. Where only one model has a result, the page says so instead of naming a winner.

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