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Arbitrage: Efficient Reasoning via Advantage-Aware Speculation

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Arbitrage: Efficient Reasoning via Advantage-Aware Speculation.

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Authors Monishwaran Maheswaran†*, Rishabh Tiwari†*, Yuezhou Hu†*, Kerem Dilmen†, Coleman Hooper†, Haocheng Xi†, Nicholas Lee†, Mehrdad Farajtabar, Michael W. Modern Large Language Models achieve impressive reasoning capabilities with long Chain of Thoughts, but they incur substantial computational cost during inference, and this motivates techniques to improve the performance-cost ratio. This routing approximates an ideal ARBITRAGE ORACLE that always chooses the higher-quality step, achieving near-optimal efficiency–accuracy trade-offs. Across multiple mathematical reasoning benchmarks, ARBITRAGE consistently surpasses prior step-level SD baselines, reducing inference latency by up to ∼ 2× at matched accuracy.

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