API cost decision in 10 seconds

NewMercury 2.5 Preview vs MoonshotAI Kimi Latest

Pick Mercury 2.5 Preview for lower cost; pick MoonshotAI Kimi Latest only if the larger context window matters more.

Page updated:  Data confirmed:  Prices normalized to USD per 1M tokens Sample workload: 1M input + 500K output

Budget verdict

Pick Mercury 2.5 Preview for lower cost; pick MoonshotAI Kimi Latest only if the larger context window matters more.

On the standard 1M input plus 500K output workload, Mercury 2.5 Preview is estimated at $0.11 vs $8.93 for MoonshotAI Kimi Latest, saving $8.81 (98.7% lower).

Cost-first pickMercury 2.5 Preview
Context-first pickMoonshotAI Kimi Latest
Sample savings$8.8198.7%
10x traffic gap$88.1

MoonshotAI Kimi Latest has more context, but Mercury 2.5 Preview saves $8.81 on the standard workload. At 10x that traffic, the same price gap is about $88.1. Use the calculator below to replace the sample workload with your own token volume.

Cost sensitivity

Workload Sensitivity

Same prices, different token mixes.

Mercury 2.5 Preview stays cheaper across input-heavy, balanced, and output-heavy sample workloads.

Workload shapeToken mixBetter pickMercury 2.5 PreviewMoonshotAI Kimi Latest
Input-heavy / RAG5M input + 500K outputMercury 2.5 Preview$0.28$19.12
Balanced workload1M input + 1M outputMercury 2.5 Preview$0.19$15.3
Output-heavy chatbot1M input + 5M outputMercury 2.5 Preview$0.79$66.3
Cheaper input Mercury 2.5 Preview $0.04 vs $2.55 / 1M

Mercury 2.5 Preview is $2.51 cheaper per 1M input tokens (98.4% lower; 63.7x difference).

Cheaper output Mercury 2.5 Preview $0.15 vs $12.75 / 1M

Mercury 2.5 Preview is $12.6 cheaper per 1M output tokens (98.8% lower; 85x difference).

Larger context MoonshotAI Kimi Latest 260K vs 1.05M

MoonshotAI Kimi Latest has 788.58K more context (4.03x larger).

Sample workload Mercury 2.5 Preview $0.11 vs $8.93

Mercury 2.5 Preview is $8.81 cheaper on the standard workload (98.7% lower).

Estimate your workload cost

Your Workload Cost

Prices are normalized to USD per 1M tokens.
Mercury 2.5 Preview Calculating… Estimated API cost
MoonshotAI Kimi Latest Calculating… Estimated API cost
Cheaper for this workload Calculating… Difference: calculating…

This estimate uses normalized public API pricing per 1M tokens. It is a planning aid, not a billing quote. Verify provider pricing, limits, and terms before production use.

Quick Decision

Verdict

Mercury 2.5 Preview has the lower input price; Mercury 2.5 Preview has the lower output price; MoonshotAI Kimi Latest offers the larger context window. For the 1M input plus 500K output sample, Mercury 2.5 Preview is cheaper for the standard workload.

For a 1M input token plus 500K output token workload, the estimated API cost is $0.11 for Mercury 2.5 Preview and $8.93 for MoonshotAI Kimi Latest.

Best Fit

Choose Mercury 2.5 Preview when you care most about lower input-token price, and lower output-token price.

Choose MoonshotAI Kimi Latest when you care most about larger context window.

Decision Notes
  • On the standard 1M input plus 500K output workload, Mercury 2.5 Preview is estimated at $0.11 vs $8.93 for MoonshotAI Kimi Latest, saving $8.81 (98.7% lower).
  • Mercury 2.5 Preview is $8.81 cheaper on the standard workload (98.7% lower).
  • Mercury 2.5 Preview is $2.51 cheaper per 1M input tokens (98.4% lower; 63.7x difference).
  • Mercury 2.5 Preview is $12.6 cheaper per 1M output tokens (98.8% lower; 85x difference).
  • MoonshotAI Kimi Latest has 788.58K more context (4.03x larger).
Head-to-Head Specs
FeatureNewMercury 2.5 Preview
(Inception)
MoonshotAI Kimi Latest
(MoonshotAI)
Input Price
prompt tokens per 1M
$0.04$2.55
Completion Price
per 1M tokens
$0.15$12.75
Sample Workload Cost
1M input + 500K output
$0.11$8.93
Context Window260K1.05M
Release Date

Use-Case Decision Matrix

Use caseBetter pickWhy
Budget-constrained productionMercury 2.5 PreviewOn the standard 1M input plus 500K output workload, Mercury 2.5 Preview is estimated at $0.11 vs $8.93 for MoonshotAI Kimi Latest, saving $8.81 (98.7% lower).
High-volume input processingMercury 2.5 PreviewLower prompt-token price matters most when prompts, retrieved passages, or documents dominate the bill.
Long responses and chatbotsMercury 2.5 PreviewLower output-token price matters most when assistants generate many completion tokens.
RAG or long-document workMoonshotAI Kimi LatestA larger context window leaves more room for retrieved passages, conversation history, or source files.

Related Alternatives

Same-provider lower-cost swaps
  • Kimi K2.7 Code (free) can replace MoonshotAI Kimi Latest when lower sample workload cost matters most: $0.
  • Kimi K2.6 (free) can replace MoonshotAI Kimi Latest when lower sample workload cost matters most: $0.
  • Kimi K2.5 can replace MoonshotAI Kimi Latest when lower sample workload cost matters most: $1.57.
  • Kimi K2 0711 can replace MoonshotAI Kimi Latest when lower sample workload cost matters most: $1.72.

Cheaper alternatives

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Inception catalog

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Mercury 2.5 Preview

Mercury 2.5 is the fastest reasoning LLM, and the latest diffusion LLM (dLLM) from Inception. Instead of generating tokens sequentially, Mercury 2.5 produces and refines multiple tokens in parallel, achieving...

MoonshotAI Kimi Latest

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