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Could the spot price go above the on-demand price? If the spot price does not, then setting the spot price maximum at the on-demand price would (in theory) save money as the most you would pay is what you would pay on-demand anyway. Your savings would come when the spot price is lower. If the spot price does not go higher than the on-demand price, the spot instance would never be terminated if the maximum is set to the on-demand price.