token.app › Compare › Mistral Large 3 2512 vs Mercury 3

Mistral Large 3 2512 vs Mercury 3

Mercury 3 is 4.6× cheaper per token on a blended 3:1 basis. Mercury 3 accepts the larger context window (1M).

Head to head
Blended price uses a 3:1 input:output mix
Mistral Large 3 2512Mercury 3
ProviderMistral AIInception
Input $/1M$0.500$0.100
Output $/1M$1.50$0.350
Blended $/1M$0.750$0.163
Context window262K1M
Max output210K131K
ReleasedDec 2025Oct 2026
LicenceProprietaryProprietary
Choose Mistral Large 3 2512 if…
  • No clear advantage on the data we hold.
Choose Mercury 3 if…
  • Costs less per token — $0.163 vs $0.750 blended
  • Larger context window (1M)
  • Newer model (released Oct 2026)
FAQ
Which is better, Mistral Large 3 2512 or Mercury 3?
We do not hold independently-run benchmark scores covering both Mistral Large 3 2512 and Mercury 3, so we make no quality claim. Their pricing and specifications are compared on this page.
Is Mistral Large 3 2512 cheaper than Mercury 3?
Mercury 3 is cheaper: $0.163 versus $0.750 per million tokens blended at 3:1 input:output. Input alone: $0.500 vs $0.100. Output alone: $1.50 vs $0.350.
What context windows do Mistral Large 3 2512 and Mercury 3 have?
Mistral Large 3 2512: 262,144 tokens. Mercury 3: 1,000,000 tokens.
Who makes Mistral Large 3 2512 and Mercury 3?
Mistral Large 3 2512 is made by Mistral AI. Mercury 3 is made by Inception.
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