Qwen3.8-27B on a $2 H100 Azure Spot VM: does it pay off?

For three hours on the morning of October 9, a single H100 in Azure served 1,434 requests to Qwen3.8-27B: 168.7 million input tokens in, 1.27 million output tokens out. At a public list price for this model that day ($0.425 per million input tokens, $0.085 per million cached input tokens and $2.55 per million output tokens), those tokens are worth $24.35. The three hours of VM time cost $4.65 at that region’s Spot price; the dashboard below counts them at a round $2 an hour.