Model comparison

vs

text-embedding-3-small vs voyage-4-lite

Compared on price, indexing cost, vector size and input limits.

The short answer

  • OpenAI Embedding 3 Small and Voyage 4 Lite cost the same, $0.02/M tokens.
  • Voyage 4 Lite takes longer inputs (32k tokens against 8k tokens), so it needs less chunking.
  • Voyage 4 Lite returns smaller vectors (1024 against 1536 dimensions), which cuts index storage by 33%.

Side-by-side specs

Spectext-embedding-3-smallvoyage-4-lite
ProviderOpenAIVoyage AI
Price$0.02/M$0.02/M
Max input8k tokens32k tokens
Default dimensions1,5361,024
Storage per 1M vectors6.1 GB4.1 GB
AcceptsTextText
WeightsClosedClosed

Same work, both models

Workloadtext-embedding-3-smallvoyage-4-lite
Index 10,000 help articles~800 tokens each, 8M tokensSame$0.16$0.16
Index a 1M-line codebase~10 tokens a line, 10M tokens$0.20$0.20
Embed 1M search queries~20 tokens each, 20M tokens$0.40$0.40

At listed rates, before the 5% platform fee. Re-embedding an index costs the same again.

When to pick which

text-embedding-3-small

OpenAI's smaller text-embedding-3 model, which OpenAI calls an improved, more performant version of its ada embedding model. It returns 1536-dimension vectors by default and costs less than its sibling text-embedding-3-large.

Pick it if

  • you want the hosted embedding model every Octomind plan includes, Free too
  • you want embeddings without loading model weights into your machine's memory
  • you want shorter vectors via the dimensions parameter to shrink your index

Skip it if

  • a single input runs past 8,192 tokens, the per-input limit
  • you need to embed images; it accepts text only

voyage-4-lite

Voyage 4 Lite is the latency- and cost-optimized tier of Voyage AI's Voyage 4 embedding series, priced below voyage-4 and voyage-4-large. Its embeddings are compatible with the rest of the series, and it costs the same as voyage-3.5-lite.

Pick it if

  • you want the Voyage 4 embedding space at a third of voyage-4's price
  • you embed queries cheaply against documents indexed with voyage-4-large
  • you need 256-2048 dimension embeddings over a 32K-token input

Skip it if

  • retrieval quality outweighs cost; Voyage reports voyage-4-large 4.80% ahead of it
  • you are indexing source code; voyage-code-4 targets code retrieval

FAQ

Which is cheaper, OpenAI Embedding 3 Small or Voyage 4 Lite?

OpenAI Embedding 3 Small and Voyage 4 Lite cost the same, $0.02/M tokens.

Which handles longer documents?

Voyage 4 Lite takes longer inputs (32k tokens against 8k tokens), so it needs less chunking.

Can I switch from OpenAI Embedding 3 Small to Voyage 4 Lite without re-indexing?

No. Vectors from different embedding models are not comparable, so a switch means re-embedding the whole corpus.

Try either model

Switch between models inside the same Octomind session.

Prices from the catalog of 2026-10-22