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Mercury 3

Inception LabsReleased Oct 19, 2026Closed weightsmercury-3

Compare with other models
Reasoning
yes, with effort levels
Context
1M tokens
Max output
131K tokens
Input
text
API features
tools, structured outputs, JSON mode
Inception Labs's API
yes, as mercury-3

Read Nov 3, 11:57 UTC from the hosts' published offers and OpenRouter, spec sheet from Inception Labs

Lowest input, per M$0.10at Inception Labs
Cheapest cache, per M$0.01at Inception Labs
Fastest378 tok/sat Inception Labs, on OpenRouter
Providers3serve this version
Sorted by cache price
ProviderInputOutputCache ↑tok/sFirst tokenUptime 24hChecked
Inception Labs−50%$0.10$0.35$0.013782.82 s99.2%Nov 3
OpenRouter−50%$0.10$0.35$0.013782.82 s99.2%Nov 3
Vercel AI Gateway$0.10$0.35$0.01———Nov 3

3 of 3 providers · prices per million tokens, read Nov 3, 11:57 UTC · speed: OpenRouter, median of the last 30 min, read Nov 3, 11:57 UTC · uptime: OpenRouter, last 24 h · −N%: a discount off the host's list price

ProviderWeightsContextMax outputToolsStructured outputsReasoning
Inception Labs—1M128Kyesyesyes
OpenRouter—1M128Kyesyesyes
Vercel AI Gateway—1M128K———

As served by each host and declared to OpenRouter; not verified by us · weights: the precision the host declares

Mercury 3 spec sheet, field by field, with sources

Mercury 3 spec sheetmaker-declared

What Inception Labs declares, from its own weights and docs. What each host serves is in the offers: both can be true.

Context window
1,000,000 tokens
Parameters
to verify
Active experts
to verify
Weight precision
not applicable — no weights publishedcurated · read 2026-10-25
License
Proprietary — API onlycurated · read 2026-10-25Scope: the license of the published weights only — not the maker's acceptable-use policy, nor the terms of the host you call.
Knowledge cutoff
not published by the maker
Modalities
text → text
Max output (official)
131,072 tokens
Release date
October 19, 2026maker's docs · read 2026-10-25
Maker lifecycle status
General availabilitymaker's docs · read 2026-10-25

docs.inceptionlabs.ai · maker's documentation · read 2026-10-25 · 6 of 10 fields published by the maker

ProviderChatbot 1,000 in / 500 outRAG / long context 8,000 in / 500 outBatch summarize 4,000 in / 1,000 out
Inception Labs$0.28$0.97$0.75
OpenRouter$0.28$0.97$0.75
Vercel AI Gateway$0.28$0.97$0.75

What each host bills for 1,000 requests of a representative job

Your own workload