Model comparison

Mercury 2.5 vs MiniMax M3

Pricing, context window and real answers (September 2026)

Mercury 2.5 (Inception) and MiniMax M3 (MiniMax), 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 2.5minimax logoMiniMax M3
ProviderInceptionMiniMax
Input (per 1M tokens)¥6.77¥53.61
Output (per 1M tokens)¥25.38¥214.44
Typical cost (1,000 in + 500 out tokens × 1,000 calls)¥19¥161
Context window260,000 tokens1,048,576 tokens
Release date9/8/20265/31/2026
Input modalitiestexttext, image, video
Arena · overallUnranked#80 · ELO 1,443
Arena · JapaneseUnranked#74 · ELO 1,398
Arena · codingUnranked#68 · ELO 1,498

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, 88% less than MiniMax M3.
  • For long documents, MiniMax M3: 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.

Mercury 2.5

To determine the number of 'r's in the word "strawberry", we can examine each letter in sequence: 1. **s** - Not 'r' 2. **t** - Not 'r' 3. **r** - First 'r' found 4. **a** - Not 'r' 5. **w** - Not 'r' 6. **b** - Not 'r' 7. **e** - Not 'r' 8. **r** - Second 'r' found 9. **r** - Third 'r' found 10. **y** - Not 'r' Counting these occurrences, there are **3** 'r's in "strawberry".
1.8s968 output tokens

MiniMax M3

# Counting 'r's in "strawberry" Let me go through the word letter by letter: **s** - t - **r** - a - w - b - e - **r** - **r** - y | Position | Letter | Is it 'r'? | |----------|--------|------------| | 1 | s | No | | 2 | t | No | | 3 | **r** | ✓ (1st) | | 4 | a | No | | 5 | w | No | | 6 | b | No | | 7 | e | No | | 8 | **r** | ✓ (2nd) | | 9 | **r** | ✓ (3rd) | | 10 | y | No | ## Answer: **3** The word "strawberry" contains **three 'r's** — one at position 3, and two consecutive 'r's at positions 8 and 9.
25.6s455 output tokens

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…

Mercury 2.5

This error occurs because the `users` prop is `undefined` when the component renders. Since the code calls `.map()` on `users`, JavaScript throws a TypeError when `users` is not an array. Here is how to fix it: 1. **Set a Default Value** Update the function signature to default `users` to an empty array if it is not provided: ```javascript function UserList({ users = [] }) { // ... } ``` 2. **Add a Conditional Check** If `users` might be null or undefined during data loading, guard the map operation: ```javascript {users && users.map(user => <li key={user.id}>{user.name}</li>)} ``` 3. **Verify Parent Props** Ensure the parent component pas…
2.4s1028 output tokens

MiniMax M3

# Error Analysis The error `Cannot read properties of undefined (reading 'map')` tells you that **`users` is `undefined`** when your component runs. JavaScript can't call `.map()` on `undefined`, so it throws this error. The component itself is fine syntactically — the problem is that the `users` prop isn't being passed, or hasn't loaded yet. ## Common Causes **1. The prop isn't passed at all:** ```jsx <UserList /> // No users prop → users is undefined ``` **2. Data is still loading (async fetch):** ```jsx const [users, setUsers] = useState(); // undefined initially ``` **3. API returns undefined:** ```jsx const { data } = await fetch('/api/users').then(r => r.json()); setUsers(data);…
32.8s710 output tokens

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):…

Mercury 2.5

Here is a review of the function with suggestions for improvement. ### Key Observations 1. **Imports:** Libraries should be imported at the module level, not inside functions. 2. **Exception Handling:** Bare `except:` clauses catch system exits and interrupts. Use specific exceptions like `requests.exceptions.RequestException`. 3. **Logic & Pythonicity:** * Avoid `== True`; rely on truthiness or `item.get("active")`. * List comprehensions are more concise and efficient than manual appending. 4. **Retry Strategy:** Implement exponential backoff instead of fixed sleeps, and avoid sleeping after the final failed attempt. 5. **Documentation:** Add type hints and a docstring fo…
4.6s1999 output tokens

MiniMax M3

## Code Review This function works for the happy path, but it has several issues around error handling, retries, and readability. Here's a breakdown. ### 🐛 Bugs & Correctness Issues | # | Issue | Why It Matters | |---|-------|----------------| | 1 | `except:` with no exception type | Swallows `KeyboardInterrupt`, `SystemExit`, and *everything else* (typos, `MemoryError`). You lose visibility into real failures. | | 2 | Retries on every non‑200, including `4xx` | A `404` or `401` will never succeed by retrying — it just wastes time and rate-limit budget. | | 3 | `if item["active"] == True` | Both linters (PEP 8 E712) and Python idiom prefer `if item["active"]:`. | | 4 | `item["active"]` (…
33.4s3977 output tokens

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Frequently asked questions

Which is cheaper, Mercury 2.5 or MiniMax M3?
Per 1M output tokens, Mercury 2.5 is ¥25.38 and MiniMax M3 is ¥214.44 on FastMetal (yen, before tax), so Mercury 2.5 is cheaper.
How do the context windows of Mercury 2.5 and MiniMax M3 compare?
Mercury 2.5 takes 260,000 tokens; MiniMax M3 takes 1,048,576.
Can I use Mercury 2.5 and MiniMax M3 with the same API key?
Yes. On FastMetal's OpenAI-compatible endpoint, switch by passing "mercury-2.5" or "minimax-m3" 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 Mercury 2.5 and MiniMax M3 from the browser chat and the API. No monthly fee.

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