I'm playing a little with spot instances, and for example, in Databricks, I can ask for a spot instance with a minimum of % savings over On-Demand instances. My question is, if I set 90% off the On-Demand instance and the current price is 50%, I will get the cheaper instance or is it like bidding and I get the spot for 90% price? I have some use cases when the availability of one instance is not very important so will be good to get those at any discount. Summing up, if I set a minimum of 90% I will always get the cheaper spot available? Thanks!
Configure Amazon maximum percentage of OnDemand price (spot instances)
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As per the this article from databricks:
So its safe to assume that you will be charged whats the current spot market price but not more then what you set.