Fetching AWS spot prices in an easy way
We rely heavily on spot instances in our infrastructure, with most of our production workloads running on them. Spot instances are significantly cheaper than on-demand instances, but their prices are not fixed—they can change every minute. Therefore, we must monitor spot prices to ensure we’re not paying more than the on-demand rates. Understanding AWS Spot Pricing AWS Spot Instances operate on a supply-and-demand model where prices fluctuate based on the available EC2 capacity and current demand for compute resources. Here’s how the pricing mechanism works: ...