token.app › Compare › Mistral Medium 3.5 vs Mercury 3

Mistral Medium 3.5 vs Mercury 3

Mercury 3 is 18× 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 Medium 3.5Mercury 3
ProviderMistral AIInception
Input $/1M$1.50$0.100
Output $/1M$7.50$0.350
Blended $/1M$3.00$0.163
Context window262K1M
Max output210K131K
ReleasedApr 2026Oct 2026
LicenceProprietaryProprietary
Choose Mistral Medium 3.5 if…
  • No clear advantage on the data we hold.
Choose Mercury 3 if…
  • Costs less per token — $0.163 vs $3.00 blended
  • Larger context window (1M)
  • Newer model (released Oct 2026)
FAQ
Which is better, Mistral Medium 3.5 or Mercury 3?
We do not hold independently-run benchmark scores covering both Mistral Medium 3.5 and Mercury 3, so we make no quality claim. Their pricing and specifications are compared on this page.
Is Mistral Medium 3.5 cheaper than Mercury 3?
Mercury 3 is cheaper: $0.163 versus $3.00 per million tokens blended at 3:1 input:output. Input alone: $1.50 vs $0.100. Output alone: $7.50 vs $0.350.
What context windows do Mistral Medium 3.5 and Mercury 3 have?
Mistral Medium 3.5: 262,144 tokens. Mercury 3: 1,000,000 tokens.
Who makes Mistral Medium 3.5 and Mercury 3?
Mistral Medium 3.5 is made by Mistral AI. Mercury 3 is made by Inception.
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