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Mercury 2 vs Qwen3.5 397B A17B

Qwen3.5 397B A17B leads Mercury 2 on the Artificial Analysis Intelligence Index, 21.4 to 10.8, and Mercury 2 costs 3.1x less per output token ($0.75 vs $2.34 per million). Updated October 22, 2026; 38 benchmarks have a result for both.

Mercury 2Inception
Coding
No data
Overall
No data
Output $/M
$0.75
1
Qwen3.5 397B A17BQwen
Coding
No data
Overall
57.1
Output $/M
$2.34
37
vs boards won of 38 shared

Mercury 2 or Qwen3.5 397B A17B: which to pick

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

Pick Mercury 2 for output tokens 3.1x cheaper ($0.75 vs $2.34 per million) and work measured by LMArena WebDev or SciCode, where it leads.

Shared results
38
Mercury 2 only
4
Qwen3.5 397B A17B only
27
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 not benchmarked, Qwen3.5 397B A17B not benchmarked.
Widest category
Agentic work, 24.9 points apart on average over 1 shared benchmark.
Widest single gap
LMArena WebDev: React: Mercury 2 1160 against Qwen3.5 397B A17B 1388, 38.0 points apart on a 0 to 100 scale.
Output price
Mercury 2 $0.75 against Qwen3.5 397B A17B $2.34 per million output tokens, 3.1x apart.
Context window
Mercury 2 takes 128K tokens, Qwen3.5 397B A17B 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 2BarsQwen3.5 397B A17BTies
Coding17
Intelligence01
Agentic work01
Reasoning05
Knowledge03
Web design07
General013
All shared boards137
CodingLike-for-likeSix of these boards feed the Vibe Coding Index17
Coding benchmarks for Mercury 2 and Qwen3.5 397B A17B
BenchmarkMercury 2Qwen3.5 397B A17BLeader
LMArena WebDev11711400Qwen3.5 397B A17B
AA Coding Index31.1Not measuredOnly Mercury 2 measured
SciCode37.7%44.8%Qwen3.5 397B A17B
Terminal-Bench Hard (Artificial Analysis run)26.5%40.9%Qwen3.5 397B A17B
WeirdML43.2%Not measuredOnly Mercury 2 measured
ALE-Bench785.6621.9Mercury 2
LMArena Text: coding13901464Qwen3.5 397B A17B
LMArena Text: software and IT13851463Qwen3.5 397B A17B
LMArena WebDev: React11601388Qwen3.5 397B A17B
LMArena WebDev: HTML11991410Qwen3.5 397B A17B
Neither model has a result on the other 29 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
Intelligence benchmarks for Mercury 2 and Qwen3.5 397B A17B
BenchmarkMercury 2Qwen3.5 397B A17BLeader
AA Intelligence Index10.821.4Qwen3.5 397B A17B
Epoch Capabilities IndexNot measured146.8Only Qwen3.5 397B A17B measured
Agentic workLike-for-likePublic boards, shown as published, kept out of the index01
Agentic work benchmarks for Mercury 2 and Qwen3.5 397B A17B
BenchmarkMercury 2Qwen3.5 397B A17BLeader
AA Agentic Index1.6Not measuredOnly Mercury 2 measured
τ²-Bench Telecom70.8%95.6%Qwen3.5 397B A17B
APEX-AgentsNot measured24.9%Only Qwen3.5 397B A17B measured
Neither model has a result on the other 38 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index05
Reasoning benchmarks for Mercury 2 and Qwen3.5 397B A17B
BenchmarkMercury 2Qwen3.5 397B A17BLeader
GPQA Diamond (Artificial Analysis run)77.0%89.3%Qwen3.5 397B A17B
Humanity's Last Exam (Artificial Analysis run)17.1%29.0%Qwen3.5 397B A17B
GPQA Diamond (Epoch AI run)Not measured86.4%Only Qwen3.5 397B A17B measured
Mystery game puzzlesNot measured18.0%Only Qwen3.5 397B A17B measured
LMArena Text: hard prompts13621448Qwen3.5 397B A17B
LMArena Text: expert13581462Qwen3.5 397B A17B
LMArena Text: hard prompts in English13741450Qwen3.5 397B A17B
LMArena Vision: diagramsNot measured1277Only Qwen3.5 397B A17B measured
LMArena Vision: homeworkNot measured1292Only Qwen3.5 397B A17B measured
Neither model has a result on the other 13 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index4 boards, none shared
Math benchmarks for Mercury 2 and Qwen3.5 397B A17B
BenchmarkMercury 2Qwen3.5 397B A17BLeader
OTIS Mock AIMENot measured88.9%Only Qwen3.5 397B A17B measured
FrontierMath, tiers 1 to 3Not measured31.2%Only Qwen3.5 397B A17B measured
LMArena Text: mathNot measured1453Only Qwen3.5 397B A17B measured
LMArena Text: mathematical workNot measured1454Only Qwen3.5 397B A17B measured
Neither model has a result on the other 9 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index03
Knowledge benchmarks for Mercury 2 and Qwen3.5 397B A17B
BenchmarkMercury 2Qwen3.5 397B A17BLeader
LMArena Text: science13431457Qwen3.5 397B A17B
LMArena Text: medicine and healthcare13631455Qwen3.5 397B A17B
LMArena Text: legal and governmentNot measured1441Only Qwen3.5 397B A17B measured
LMArena Text: business and finance13491435Qwen3.5 397B A17B
Neither model has a result on the other 14 boards here
Web designLike-for-likePublic boards, shown as published, kept out of the index07
Web design benchmarks for Mercury 2 and Qwen3.5 397B A17B
BenchmarkMercury 2Qwen3.5 397B A17BLeader
Design Arena: websites10361190Qwen3.5 397B A17B
Design Arena: UI components9961160Qwen3.5 397B A17B
Design Arena: game dev9841140Qwen3.5 397B A17B
Design Arena: data viz10091175Qwen3.5 397B A17B
Design Arena: 3D9821160Qwen3.5 397B A17B
Design Arena: all code categories10211179Qwen3.5 397B A17B
Design Arena: SVG9981139Qwen3.5 397B A17B
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 index013
General benchmarks for Mercury 2 and Qwen3.5 397B A17B
BenchmarkMercury 2Qwen3.5 397B A17BLeader
IFBench69.8%78.8%Qwen3.5 397B A17B
Long context reasoning (AA-LCR)43.7%77.3%Qwen3.5 397B A17B
DTBenchNot measured87.5%Only Qwen3.5 397B A17B measured
LMCANot measured37.9%Only Qwen3.5 397B A17B measured
LMArena Text13541437Qwen3.5 397B A17B
LMArena Text: instruction following13281424Qwen3.5 397B A17B
LMArena Text: creative writing12861402Qwen3.5 397B A17B
LMArena VisionNot measured1262Only Qwen3.5 397B A17B measured
LMArena Text: English13781443Qwen3.5 397B A17B
LMArena Text: non-English13301430Qwen3.5 397B A17B
LMArena Text: Chinese14141498Qwen3.5 397B A17B
LMArena Text: GermanNot measured1445Only Qwen3.5 397B A17B measured
LMArena Text: JapaneseNot measured1429Only Qwen3.5 397B A17B measured
LMArena Text: KoreanNot measured1384Only Qwen3.5 397B A17B measured
LMArena Text: FrenchNot measured1462Only Qwen3.5 397B A17B measured
LMArena Text: SpanishNot measured1441Only Qwen3.5 397B A17B measured
LMArena Text: Russian13041430Qwen3.5 397B A17B
LMArena Text: PolishNot measured1447Only Qwen3.5 397B A17B measured
LMArena Text: multi-turn13571446Qwen3.5 397B A17B
LMArena Text: longer queries13291441Qwen3.5 397B A17B
LMArena Text: writing and language13001415Qwen3.5 397B A17B
LMArena Text: entertainment and media13141399Qwen3.5 397B A17B
LMArena Vision: EnglishNot measured1268Only Qwen3.5 397B A17B measured
LMArena Vision: ChineseNot measured1314Only Qwen3.5 397B A17B measured
LMArena Vision: reading textNot measured1271Only Qwen3.5 397B A17B measured
LMArena Vision: humorNot measured1262Only Qwen3.5 397B A17B measured
LMArena Vision: captioningNot measured1230Only Qwen3.5 397B A17B measured
LMArena Vision: recognizing thingsNot measured1265Only Qwen3.5 397B A17B measured
LMArena Vision: creative writingNot measured1260Only Qwen3.5 397B A17B measured
Neither model has a result on the other 17 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Mercury 2 and Qwen3.5 397B A17B
BenchmarkMercury 2Qwen3.5 397B A17BLeader
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
Qwen3.5 397B A17B$0.0016Fits in one request

Mercury 2 costs less

Repository review

50K input + 3K output tokens

Mercury 2$0.015Fits in one request
Qwen3.5 397B A17B$0.027Fits in one request

Mercury 2 costs less

Agent loop

200K input + 10K output tokens

Mercury 2$0.058Exceeds the context window
Qwen3.5 397B A17B$0.101Fits 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 Qwen3.5 397B A17B
SpecificationInception Mercury 2Qwen3.5 397B A17B
MakerInceptionQwen
WeightsNo public weights listedOpen weights
ReleasedMarch 4, 2026February 16, 2026
Context window128K262K
Input $/Mtok$0.25$0.39
Output $/Mtok$0.75$2.34
Coding indexNot benchmarkedNot benchmarked
Independent measurements behind it11
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Mercury 2 better than Qwen3.5 397B A17B for coding?

Neither model has a coding score yet, so the two cannot be ranked on coding. Pick Mercury 2 for output tokens 3.1x cheaper ($0.75 vs $2.34 per million) and work measured by LMArena WebDev or SciCode, where it leads.

Which is cheaper, Mercury 2 or Qwen3.5 397B A17B?

Mercury 2 costs $0.25 per million input tokens and $0.75 per million output tokens; Qwen3.5 397B A17B costs $0.39 and $2.34. Cost per solved task is known for neither of them.

Which has the bigger context window, Mercury 2 or Qwen3.5 397B A17B?

Qwen3.5 397B A17B, with 262K tokens against 128K.

How many benchmarks is the Mercury 2 vs Qwen3.5 397B A17B comparison based on?

38 benchmarks have a result for both models as of October 22, 2026. Mercury 2's coding index rests on 1 independent benchmark and Qwen3.5 397B A17B's on 1. Where only one model has a result, the page says so instead of naming a winner.

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