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Mercury 2 vs Qwen3 32B

Updated October 21, 2026. 27 benchmarks have a result for both. Coding is ranked on the Vibe Coding Index; every other board is shown as published.

Mercury 2Inception
Coding
0.0
Overall
10.8
Output $/M
$0.75
22
Qwen3 32BQwen
Coding
40.0
Overall
7.3
Output $/M
$0.28
5
vs boards won of 27 shared

Decision reading

Pick Qwen3 32B for coding: it scores 40.0 on the Vibe Coding Index against 0.0 for Mercury 2.

Pick Mercury 2 when what matters is SciCode or Terminal-Bench Hard (Artificial Analysis run), where it leads.

Shared results
27
Mercury 2 only
15
Qwen3 32B only
15
Like-for-like categories
6 of 9

Shared results can support a head-to-head reading. Results only one model has describe coverage, not superiority.

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 0.0 from 1 benchmark, Qwen3 32B 40.0 from 1 benchmark.
Widest category
Agentic work, 40.9 points apart on average over 1 shared benchmark.
Widest single gap
Long context reasoning (AA-LCR): Mercury 2 43.7% against Qwen3 32B 0.0%, 43.7 points apart on a 0 to 100 scale.
Output price
Mercury 2 $0.75 against Qwen3 32B $0.28 per million output tokens, 2.7x apart.
Context window
Mercury 2 takes 128K tokens, Qwen3 32B 131K.

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 2BarsQwen3 32BTies
Coding40
Intelligence10
Agentic work10
Reasoning41
Knowledge12
General112
All shared boards225
CodingLike-for-likeFour of these boards feed the Vibe Coding Index40
Coding benchmarks for Mercury 2 and Qwen3 32B
BenchmarkMercury 2Qwen3 32BLeader
Aider polyglotNot measured40.0%Only Qwen3 32B measured
LMArena WebDev1171Not measuredOnly Mercury 2 measured
AA Coding Index31.1Not measuredOnly Mercury 2 measured
LiveCodeBench (Artificial Analysis run)Not measured54.6%Only Qwen3 32B measured
SciCode37.7%36.0%Mercury 2
Terminal-Bench Hard (Artificial Analysis run)26.5%3.0%Mercury 2
WeirdML43.2%Not measuredOnly Mercury 2 measured
ALE-Bench785.6Not measuredOnly Mercury 2 measured
LMArena Text: coding13901357Mercury 2
LMArena Text: software and IT13851366Mercury 2
LMArena WebDev: React1160Not measuredOnly Mercury 2 measured
LMArena WebDev: HTML1199Not measuredOnly Mercury 2 measured
Neither model has a result on the other 26 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index10
Intelligence benchmarks for Mercury 2 and Qwen3 32B
BenchmarkMercury 2Qwen3 32BLeader
AA Intelligence Index10.87.3Mercury 2
Epoch Capabilities IndexNot measured138.4Only Qwen3 32B measured
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
Agentic work benchmarks for Mercury 2 and Qwen3 32B
BenchmarkMercury 2Qwen3 32BLeader
AA Agentic Index1.6Not measuredOnly Mercury 2 measured
τ²-Bench Telecom70.8%29.8%Mercury 2
Neither model has a result on the other 37 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index41
Reasoning benchmarks for Mercury 2 and Qwen3 32B
BenchmarkMercury 2Qwen3 32BLeader
GPQA Diamond (Artificial Analysis run)77.0%66.8%Mercury 2
Humanity's Last Exam (Artificial Analysis run)17.1%7.4%Mercury 2
GPQA Diamond (Epoch AI run)Not measured65.7%Only Qwen3 32B measured
LMArena Text: hard prompts13621334Mercury 2
LMArena Text: expert13581362Qwen3 32B
LMArena Text: hard prompts in English13741350Mercury 2
Neither model has a result on the other 15 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index5 boards, none shared
Math benchmarks for Mercury 2 and Qwen3 32B
BenchmarkMercury 2Qwen3 32BLeader
AA Math IndexNot measured73.0Only Qwen3 32B measured
AIME 2025 (Artificial Analysis run)Not measured73.0%Only Qwen3 32B measured
OTIS Mock AIMENot measured66.9%Only Qwen3 32B measured
LMArena Text: mathNot measured1399Only Qwen3 32B measured
LMArena Text: mathematical workNot measured1420Only Qwen3 32B measured
Neither model has a result on the other 8 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index12
Knowledge benchmarks for Mercury 2 and Qwen3 32B
BenchmarkMercury 2Qwen3 32BLeader
MMLU Pro (Artificial Analysis run)Not measured79.8%Only Qwen3 32B measured
LMArena Text: science13431372Qwen3 32B
LMArena Text: medicine and healthcare13631368Qwen3 32B
LMArena Text: legal and governmentNot measured1324Only Qwen3 32B measured
LMArena Text: business and finance13491318Mercury 2
Neither model has a result on the other 12 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
Web design benchmarks for Mercury 2 and Qwen3 32B
BenchmarkMercury 2Qwen3 32BLeader
Design Arena: websites1036Not measuredOnly Mercury 2 measured
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: 3D982Not measuredOnly Mercury 2 measured
Design Arena: all code categories1022Not measuredOnly Mercury 2 measured
Design Arena: SVG998Not measuredOnly Mercury 2 measured
Design Arena: ASCII art990Not 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 index112
General benchmarks for Mercury 2 and Qwen3 32B
BenchmarkMercury 2Qwen3 32BLeader
IFBench69.8%36.3%Mercury 2
Long context reasoning (AA-LCR)43.7%0.0%Mercury 2
DTBenchNot measured67.5%Only Qwen3 32B measured
LMCANot measured17.3%Only Qwen3 32B measured
Fiction.LiveBenchNot measured74.2%Only Qwen3 32B measured
LMArena Text13541340Mercury 2
LMArena Text: instruction following13281305Mercury 2
LMArena Text: creative writing12861297Qwen3 32B
LMArena Text: English13781359Mercury 2
LMArena Text: non-English13301317Mercury 2
LMArena Text: Chinese14141357Mercury 2
LMArena Text: GermanNot measured1341Only Qwen3 32B measured
LMArena Text: Russian13041311Qwen3 32B
LMArena Text: multi-turn13571331Mercury 2
LMArena Text: longer queries13291327Mercury 2
LMArena Text: writing and language13001298Mercury 2
LMArena Text: entertainment and media13141279Mercury 2
Neither model has a result on the other 29 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Mercury 2 and Qwen3 32B
BenchmarkMercury 2Qwen3 32BLeader
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
Qwen3 32B$0.0002Fits in one request

Qwen3 32B costs less

Repository review

50K input + 3K output tokens

Mercury 2$0.015Fits in one request
Qwen3 32B$0.0048Fits in one request

Qwen3 32B costs less

Agent loop

200K input + 10K output tokens

Mercury 2$0.058Exceeds the context window
Qwen3 32B$0.019Exceeds the context window

Qwen3 32B 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 Qwen3 32B
SpecificationInception Mercury 2Qwen3 32B
MakerInceptionQwen
WeightsNo public weights listedOpen weights
ReleasedMarch 4, 2026April 28, 2025
Context window128K131K
Input $/Mtok$0.25$0.08
Output $/Mtok$0.75$0.28
Coding index0.040.0
Independent measurements behind it11
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Mercury 2 better than Qwen3 32B for coding?

Pick Qwen3 32B for coding: it scores 40.0 on the Vibe Coding Index against 0.0 for Mercury 2. Pick Mercury 2 when what matters is SciCode or Terminal-Bench Hard (Artificial Analysis run), where it leads.

Which is cheaper, Mercury 2 or Qwen3 32B?

Mercury 2 costs $0.25 per million input tokens and $0.75 per million output tokens; Qwen3 32B costs $0.08 and $0.28. Cost per solved task is known for neither of them.

Which has the bigger context window, Mercury 2 or Qwen3 32B?

Qwen3 32B, with 131K tokens against 128K.

How many benchmarks is the Mercury 2 vs Qwen3 32B comparison based on?

27 benchmarks have a result for both models as of October 21, 2026. Mercury 2's coding index rests on 1 independent benchmark and Qwen3 32B's on 1. Where only one model has a result, the page says so instead of naming a winner.

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