DeepSeek V4 Flash vs Mercury 2.5
Pricing, context window and real answers (September 2026)
DeepSeek V4 Flash (DeepSeek) and Mercury 2.5 (Inception), compared as you can actually call them on FastMetal. Both are served from the same OpenAI-compatible endpoint and API key; switching is a change to the model string.
Specs and pricing
| Mercury 2.5 | ||
|---|---|---|
| Provider | DeepSeek | Inception |
| Input (per 1M tokens) | ¥22.85 | ¥6.77 |
| Output (per 1M tokens) | ¥49.21 | ¥25.38 |
| Typical cost (1,000 in + 500 out tokens × 1,000 calls) | ¥47 | ¥19 |
| Context window | 1,048,576 tokens | 260,000 tokens |
| Release date | 4/24/2026 | 9/8/2026 |
| Input modalities | text | text |
| Arena · overall | #91 · ELO 1,436 | Unranked |
| Arena · Japanese | #75 · ELO 1,397 | Unranked |
| Arena · coding | #90 · ELO 1,483 | Unranked |
Prices are FastMetal's yen rates before tax. Arena ranks are as of the latest leaderboard scrape.
Which should you pick?
- On price, Mercury 2.5: ¥25.38 per 1M output tokens, 48% less than DeepSeek V4 Flash.
- For long documents, DeepSeek V4 Flash: a 1,048,576-token context window against 260,000 for Mercury 2.5.
- If in doubt, try both on the same key. Switching is a change to the model string, and each is billed at its own rate.
Real answers to the same prompts
Exactly what the FastMetal gateway returned, side by side. Not benchmark scores: actual output.
Count the number of 'r's in 'strawberry'
Count the number of 'r's in 'strawberry'. Explain your reasoning step by step.
DeepSeek V4 Flash
Mercury 2.5
Debug This Error
I'm getting the following error in my Node.js application: TypeError: Cannot read properties of undefined (reading 'map') at UserList (/app/components/UserList.js:12:25) at renderWithHooks (/app/node_modules/rea…
DeepSeek V4 Flash
Mercury 2.5
Code Review
Please review the following Python function and suggest improvements for readability, performance, and best practices: def get_data(url, retries=3): import requests import time for i in range(retries):…
DeepSeek V4 Flash
Mercury 2.5
Frequently asked questions
- Which is cheaper, DeepSeek V4 Flash or Mercury 2.5?
- Per 1M output tokens, DeepSeek V4 Flash is ¥49.21 and Mercury 2.5 is ¥25.38 on FastMetal (yen, before tax), so Mercury 2.5 is cheaper.
- How do the context windows of DeepSeek V4 Flash and Mercury 2.5 compare?
- DeepSeek V4 Flash takes 1,048,576 tokens; Mercury 2.5 takes 260,000.
- Can I use DeepSeek V4 Flash and Mercury 2.5 with the same API key?
- Yes. On FastMetal's OpenAI-compatible endpoint, switch by passing "deepseek-v4-flash" or "mercury-2.5" as the model. Each is billed at its own rate from the same prepaid balance.
Try both on one API key
Create an account and add credit to call DeepSeek V4 Flash and Mercury 2.5 from the browser chat and the API. No monthly fee.