cache.r8gd.xlarge is an AWS ElastiCache size with 4 vCPUs, 29.68 GiB memory. In Europe (Spain) it costs $0.5969 per hour on demand ($435.74 per month) for Valkey; a 1-year reserved instance with no upfront costs $0.4059 per hour, 32% less.
Prices by region
USD per hour, Valkey. Reserved prices are no upfront, standard. Cheapest on-demand first.