Llama 3.1 70B Instruct
by Meta · meta-llama/llama-3.1-70b-instruct · #105 cheapest of 325 paid models
Prices updated Jul 22, 2026, 2:25 AM UTC · refreshed hourly
Meta's latest class of model (Llama 3.1) launched with a variety of sizes & flavors. This 70B instruct-tuned version is optimized for high quality dialogue usecases. It has demonstrated strong...
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Pricing
Input
$0.40
per 1M tokens
Output
$0.40
per 1M tokens
Blended (3:1)
$0.40
3 input : 1 output
Cache read
—
per 1M cached tokens
Cache write
—
per 1M tokens
Cache & batch economics
Effective prices for Llama 3.1 70B Instruct (no cache-read rate published — hits billed as normal input).
| Cache hit rate | Effective blended $/1M | Example request* | vs no cache |
|---|---|---|---|
| 0% | $0.40 | $0.0412 | — |
| 50% | $0.40 | $0.0412 | −0% |
| 90% | $0.40 | $0.0412 | −0% |
*Example: 100K sticky context + 2K new input + 1K output. Batch discount is an approximate 50% off list rates (available for OpenAI / Anthropic / Google — not flagged for this creator). Confirm on the vendor’s pricing page.
What a request costs
| Workload | Input tokens | Output tokens | Cost / request | Cost / 1K requests |
|---|---|---|---|---|
| Short chat message | 500 | 300 | $0.00032 | $0.32 |
| Document summary | 8,000 | 1,000 | $0.0036 | $3.60 |
| Codebase question (RAG) | 30,000 | 2,000 | $0.0128 | $12.80 |
| Long-context analysis | 150,000 | 5,000 | $0.062 | $62.00 |
Specs
Context window
131K
tokens
Max output
16K
tokens
Input modalities
text
Tokenizer
Llama3