Is Llama 3.2 3B Instruct a good deal?

Whether anything in this catalogue beats Llama 3.2 3B Instruct on both quality and price, and what you give up if it does. A computation on the current catalogue, not an opinion.

13 undominated of 136 · Sep 23, 2026

As of Sep 23, 2026, Llama 3.2 3B Instruct is dominated for Balanced on LMArena. DeepSeek V4 Flash 0423 scores 322.4 higher and costs 14% less, with a covering envelope. 13 of 136 rated, priced standard models are undominated.

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Current model

Llama 3.2 3B Instruct

Balanced

3 tokens in per 1 out

DeepSeek V4 Flash 0423 is both better and cheaper than Llama 3.2 3B Instruct: 322.4 points higher on LMArena and 14% less per million tokens, $0.02 cheaper at this mix.

Llama 3.2 3B Instruct

LMArena Elo · higher is better

Scale starts at 1040 Elo

1109.4

Effective $/M · Balanced · lower is better

$0.120/M

DeepSeek V4 Flash 0423

LMArena Elo · higher is better

Scale starts at 1040 Elo

1431.8

Effective $/M · Balanced · lower is better

$0.103/M

Llama 3.2 3B Instruct takes text, returns up to 117,964 tokens from a 131,072-token context, and is listed by 2 sellers.

Compared against 136 rated, priced models on this lens: 3 models dominate it and give up nothing, 5 more dominate it but give something up. Llama 3.2 3B Instruct scores 1109.4 at $0.12 per million tokens for this mix.

Envelope-safe replacements

Each row scores at least as high, costs no more, and covers this model’s context, output, modalities, tools, and reasoning. A cheaper narrower model is not listed here.

ModelLMArenaEffective $/MYou save
DeepSeek V4 Flash 04231431.8 +322.4$0.103/M14%
Granite 4.2 8B1316.8 +207.4$0.107/M10%
Llama 3.1 8B Instruct1186.5 +77.1$0.058/M52%

Higher score, lower price, named losses

Not a drop-in. The loss is why these are not a recommendation.

ModelLMArenaEffective $/MYou give up
Qwen3.5-Flash1397.7$0.114/Mmax output
Qwen3 30B A3B Instruct 25071383.6$0.084/Mmax output
Gemma 3 12B1334.2$0.075/Mmax output
Gemma 3 4B1290.7$0.063/Mmax output
gpt-oss-20b1287.3$0.036/Mmax output
DeepSeek V4 Flash 04231431.8 · $0.103/MLlama 3.2 3B Instruct1109.4 · $0.120/MLMArena EloEffective $/M · Balanced
136 rated, priced standard models. Chartreuse is the frontier. Cobalt is the model you named, when it is not on the staircase.

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