token.app › Compare › MiniMax M3 vs Mercury 3
MiniMax M3 vs Mercury 3
Mercury 3 is 3.2× cheaper per token on a blended 3:1 basis. MiniMax M3 accepts the larger context window (1.0M).
Head to head
Blended price uses a 3:1 input:output mix
| MiniMax M3 | Mercury 3 | |
|---|---|---|
| Provider | MiniMax | Inception |
| Input $/1M | $0.300 | $0.100 |
| Output $/1M | $1.20 | $0.350 |
| Blended $/1M | $0.525 | $0.163 |
| Context window | 1.0M | 1M |
| Max output | 512K | 131K |
| Released | May 2026 | Oct 2026 |
| Licence | Open weights | Proprietary |
Choose MiniMax M3 if…
- Larger context window (1.0M)
- Open weights — self-hostable
Choose Mercury 3 if…
- Costs less per token — $0.163 vs $0.525 blended
- Newer model (released Oct 2026)
FAQ
Which is better, MiniMax M3 or Mercury 3?
We do not hold independently-run benchmark scores covering both MiniMax M3 and Mercury 3, so we make no quality claim. Their pricing and specifications are compared on this page.
Is MiniMax M3 cheaper than Mercury 3?
Mercury 3 is cheaper: $0.163 versus $0.525 per million tokens blended at 3:1 input:output. Input alone: $0.300 vs $0.100. Output alone: $1.20 vs $0.350.
What context windows do MiniMax M3 and Mercury 3 have?
MiniMax M3: 1,048,576 tokens. Mercury 3: 1,000,000 tokens.
Who makes MiniMax M3 and Mercury 3?
MiniMax M3 is made by MiniMax. Mercury 3 is made by Inception.