← All models
L

Llama 3.1 8B

Meta

Meta's efficient open-source model. Cheapest option for high-volume tasks via third-party API providers.

Input price$0.02 / 1M tokens
Output price$0.05 / 1M tokens
Context window128k tokens
Last updated2026-04-21

Quick calculator

tokens
tokens
req/day
Per request
$0.000045
Daily
$0.4500
Monthly
$13.50
per month · 30-day estimate
Yearly
$164.25

Tips to reduce cost

  • →Use prompt caching to reuse repeated system prompts
  • →Trim whitespace and reduce verbose instructions
  • →Use a smaller model for classification or routing tasks
  • →Batch async requests to get 50% discount (OpenAI/Anthropic)
  • →Cache identical requests at the application layer

Similar models from Meta

Compared at your current token settings