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The question is also what's the cost of troubleshooting the lambda service going down 3 times. 10x more expensive and reliable can be a good trade.

There are multiple equivalent lambdas on a single EC2 instance, so it's running jobs 10-12hours per day

AWS Lightsail instances are pretty affordable ($10/mo and up)

$3.5 USD and up

likely dwarfed by eng time, both in dollars and opportunity cost