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Llama 3.1 8B Instruct vs Step 5 Preview

vs
Step 5 Preview

StepFun

40#239
Signal-by-Signal Comparison
SignalLlama 3.1 8B InstructDeltaStep 5 Preview
Capabilities
50
-33
83
Benchmarks
44
+44
0
Pricing
100
+3
97
Context window size
81
-14
95
Recency
0
-100
100
Output Capacity
81
+4
77
Overall Result
3 wins
of 6
3 wins
It's a tie - both models win 3 signals each

Score History

Score History (34 data points)
Llama 3.1 8B InstructStep 5 Preview
Llama 3.1 8B Instruct

44.5

current score

Leader

Llama 3.1 8B Instruct

right now

Step 5 Preview

40

current score

LMMarketCap.com
Interactive Price Comparison
100Kcalls/month
1,000tokens (~1,333 chars)
500tokens (~667 chars)

Llama 3.1 8B Instruct

Meta

Best Value
Per request$0.000090
Daily$0.30
Monthly$9.00
Annual$108.00

Step 5 Preview

StepFun

Per request$0.002350
Daily$7.83
Monthly$235.00
Annual$2820.00

Llama 3.1 8B Instruct saves you $226.00/month

That's $2712.00/year compared to Step 5 Preview at your current usage level of 100K calls/month.

96% cheaper
Choose Llama 3.1 8B Instruct for cost optimization

Llama 3.1 8B Instruct pricing:
Input:$0.05/M tokens
Output:$0.08/M tokens
Step 5 Preview pricing:
Input:$1.00/M tokens
Output:$2.70/M tokens
Winner
Llama 3.1 8B Instruct

Meta

45

Composite Score

Step 5 Preview

StepFun

40

Composite Score

Signal-by-Signal Comparison
MetricLlama 3.1 8B InstructStep 5 PreviewWinner
Overall Score
45
40
Llama 3.1 8B Instruct
Rank#237#239
Llama 3.1 8B Instruct
Quality Rank#237#239
Llama 3.1 8B Instruct
Adoption Rank#237#239
Llama 3.1 8B Instruct
Parameters8B----
Context Window131K1000K
Step 5 Preview
Pricing$0.05/$0.08/M$1.00/$2.70/M--
Signal Scores
Capabilities
50
83
Step 5 Preview
Benchmarks
44
--
Llama 3.1 8B Instruct
Pricing
100
97
Llama 3.1 8B Instruct
Context window size
81
95
Step 5 Preview
Recency
0
100
Step 5 Preview
Output Capacity
81
77
Llama 3.1 8B Instruct
Benchmark Head-to-Head(6 benchmarks)
Llama 3.1: 0Step 5: 0
Llama 3.1
Step 5
Normalized 0-100%
MMLU-Pro
30.37%-
HumanEval
69.5%-
IFEval
72.05%-
BBH
30.85%-
Arena Elo
1211-
BigCodeBench
32.8%-
Benchmark Interpretation

Our score (0-100) is driven by benchmark performance (90%) from Arena Elo ratings, MMLU, GPQA, HumanEval, SWE-bench, and 15+ standardized evaluations. Capabilities and context window serve as tiebreakers (10%). Learn more about our methodology.

Llama 3.1 8B InstructEntry Level

Scores 45/100 (rank #237), placing it in the top 19% of all 290 models tracked.

Raw Quality0/100
Cost Efficiency0/100
Speed0/100
Step 5 PreviewEntry Level

Scores 40/100 (rank #239), placing it in the top 18% of all 290 models tracked.

Raw Quality0/100
Cost Efficiency0/100
Speed0/100

With only a 5-point gap, these models are in the same performance tier. The practical difference in output quality is minimal - your choice should depend on pricing, latency requirements, and specific feature needs.

When to Use Each Model

Choose Llama 3.1 8B Instruct when you need:

  • High-volume production workloads where API costs must be minimized
  • Self-hosted deployments where you need full control over the model

Choose Step 5 Preview when you need:

  • Processing long documents or large codebases (1000K token context)
  • Multimodal workflows that require image understanding
  • Step-by-step reasoning and chain-of-thought problem solving
Cost-Performance Analysis
Llama 3.1 8B InstructBest Value
Input cost$0.05/M tokens
Output cost$0.08/M tokens
Cost per quality point$0.003
Est. monthly (1M tokens/day)$1.95
Step 5 Preview
Input cost$1.00/M tokens
Output cost$2.70/M tokens
Cost per quality point$0.092
Est. monthly (1M tokens/day)$55.50

Llama 3.1 8B Instruct offers 96% better value per quality point. At 1M tokens/day, you'd spend $1.95/month with Llama 3.1 8B Instruct vs $55.50/month with Step 5 Preview - a $53.55 monthly difference.

Latency & Speed
Llama 3.1 8B InstructFaster
Speed score0/100
Step 5 Preview
Speed score0/100

Both models have comparable response speeds. For most applications, the latency difference is negligible.

When latency matters most: Interactive chatbots, IDE code completion, real-time translation, and user-facing applications where response time directly impacts experience. For batch processing, background summarization, or offline analysis, latency is less critical.

Example Use Cases

Code generation & review

Based on overall model capabilities and architecture for coding tasks like generating functions, debugging, and refactoring

Llama 3.1 8B Instruct

Customer support chatbot

Suitable for user-facing chat with competitive response times. Llama 3.1 8B Instruct also offers lower per-token costs for high-volume support

Llama 3.1 8B Instruct

Long document analysis

Larger context window (1000K tokens) can process longer documents, contracts, and research papers in a single pass

Step 5 Preview

Batch data extraction

Lower output pricing ($0.08/M) reduces costs when processing thousands of records daily

Llama 3.1 8B Instruct

Creative writing & content

Higher overall composite score (45/100) correlates with better nuance, coherence, and style in long-form content

Llama 3.1 8B Instruct

Image understanding & OCR

Supports vision input - can analyze screenshots, diagrams, photos, and scanned documents directly

Step 5 Preview
Which Should You Choose?
Our recommendation:
Llama 3.1 8B Instruct

Llama 3.1 8B Instruct has a moderate advantage with a 4.5-point lead in composite score. It wins on more signal dimensions, but Step 5 Preview has specific strengths that could make it the better choice for certain workflows.

by Meta

  • Choose for Quality - Marginally better benchmark scores; both are excellent
  • Choose for Cost - 96% lower pricing; better value at scale
  • Choose for Reliability - Higher uptime and faster response speeds
  • Choose for Prototyping - Stronger community support and better developer experience
  • Choose for Production - Wider enterprise adoption and proven at scale

by StepFun

Consider for specialized use cases.

Capability Comparison
CapabilityLlama 3.1 8B InstructStep 5 Preview
Vision (Image Input)differs
Function Calling
Streaming
JSON Mode
Reasoningdiffers
Web Search
Image Output
Monthly Cost Calculator
1,000tokens (600 in / 400 out)
100requests/day (3,000/month)

Llama 3.1 8B Instruct

Meta

Best Value
$0.1860
estimated monthly cost

Step 5 Preview

StepFun

$5.04
estimated monthly cost

Llama 3.1 8B Instruct saves you $4.85/month

That's 96% cheaper than Step 5 Preview at 1,000 tokens/request and 100 requests/day.

Assumes 60% input / 40% output token ratio per request. Actual costs may vary based on your usage pattern.

Parameters & Context
ParameterLlama 3.1 8B InstructStep 5 Preview
Context Window131K1M
Max Output Tokens117,96464,000
Open SourceYesNo
CreatedJul 23, 2024Oct 8, 2026
Last updated: 17m ago

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Llama 3.1 8B Instruct vs Step 5 Preview (2026) | LM Market Cap