OpenAI text-embedding-3-small vs BAAI/bge-m3

Detailed comparison between OpenAI text-embedding-3-small and BAAI/bge-m3. See which embedding best meets your accuracy and performance needs.

Model Comparison

OpenAI text-embedding-3-small takes the lead.

Both OpenAI text-embedding-3-small and BAAI/bge-m3 are powerful embedding models designed to improve retrieval quality in RAG applications. However, their performance characteristics differ in important ways.

Why OpenAI text-embedding-3-small:

  • OpenAI text-embedding-3-small has 13 higher ELO rating
  • OpenAI text-embedding-3-small is 50917ms faster on average

Overview

Key metrics

ELO Rating

Overall ranking quality

OpenAI text-embedding-3-small

1503

BAAI/bge-m3

1491

Win Rate

Head-to-head performance

OpenAI text-embedding-3-small

44.6%

BAAI/bge-m3

40.9%

Accuracy (nDCG@10)

Ranking quality metric

OpenAI text-embedding-3-small

0.762

BAAI/bge-m3

0.753

Average Latency

Response time

OpenAI text-embedding-3-small

29958ms

BAAI/bge-m3

80874ms

Visual Performance Analysis

Performance

ELO Rating Comparison

Win/Loss/Tie Breakdown

Accuracy Across Datasets (nDCG@10)

Latency Distribution (ms)

Breakdown

How the models stack up

MetricOpenAI text-embedding-3-smallBAAI/bge-m3Description
Overall Performance
ELO Rating
1503
1491
Overall ranking quality based on pairwise comparisons
Win Rate
44.6%
40.9%
Percentage of comparisons won against other models
Pricing & Availability
Price per 1M tokens
$0.020
$0.010
Cost per million tokens processed
Release Date
2024-01-25
2024-01-27
Model release date
Accuracy Metrics
Avg nDCG@10
0.762
0.753
Normalized discounted cumulative gain at position 10
Performance Metrics
Avg Latency
29958ms
80874ms
Average response time across all datasets

Dataset Performance

By field

Comprehensive comparison of accuracy metrics (nDCG, Recall) and latency percentiles for each benchmark dataset.

PG

MetricOpenAI text-embedding-3-smallBAAI/bge-m3Description
Accuracy Metrics
Latency Metrics
Mean
55877ms
96375ms
Average response time
P50
54759ms
94448ms
50th percentile (median)
P90
64259ms
110831ms
90th percentile

business reports

MetricOpenAI text-embedding-3-smallBAAI/bge-m3Description
Accuracy Metrics
Latency Metrics
Mean
5645ms
24163ms
Average response time
P50
5532ms
23680ms
50th percentile (median)
P90
6492ms
27787ms
90th percentile

DBPedia

MetricOpenAI text-embedding-3-smallBAAI/bge-m3Description
Accuracy Metrics
nDCG@5
0.605
0.625
Ranking quality at top 5 results
nDCG@10
0.604
0.603
Ranking quality at top 10 results
Recall@5
0.230
0.236
% of relevant docs in top 5
Recall@10
0.365
0.341
% of relevant docs in top 10
Latency Metrics
Mean
35365ms
86619ms
Average response time
P50
34658ms
84887ms
50th percentile (median)
P90
40670ms
99612ms
90th percentile

FiQa

MetricOpenAI text-embedding-3-smallBAAI/bge-m3Description
Accuracy Metrics
nDCG@5
0.635
0.597
Ranking quality at top 5 results
nDCG@10
0.647
0.609
Ranking quality at top 10 results
Recall@5
0.623
0.607
% of relevant docs in top 5
Recall@10
0.681
0.666
% of relevant docs in top 10
Latency Metrics
Mean
41338ms
159871ms
Average response time
P50
40511ms
156674ms
50th percentile (median)
P90
47539ms
183852ms
90th percentile

SciFact

MetricOpenAI text-embedding-3-smallBAAI/bge-m3Description
Accuracy Metrics
nDCG@5
0.682
0.578
Ranking quality at top 5 results
nDCG@10
0.707
0.617
Ranking quality at top 10 results
Recall@5
0.778
0.652
% of relevant docs in top 5
Recall@10
0.843
0.763
% of relevant docs in top 10
Latency Metrics
Mean
55544ms
154804ms
Average response time
P50
54433ms
151708ms
50th percentile (median)
P90
63876ms
178025ms
90th percentile

MSMARCO

MetricOpenAI text-embedding-3-smallBAAI/bge-m3Description
Accuracy Metrics
nDCG@5
0.997
0.997
Ranking quality at top 5 results
nDCG@10
0.990
0.997
Ranking quality at top 10 results
Recall@5
0.122
0.122
% of relevant docs in top 5
Recall@10
0.213
0.220
% of relevant docs in top 10
Latency Metrics
Mean
35961ms
96153ms
Average response time
P50
35242ms
94230ms
50th percentile (median)
P90
41355ms
110576ms
90th percentile

NorQuAD

MetricOpenAI text-embedding-3-smallBAAI/bge-m3Description
Accuracy Metrics
Latency Metrics
Mean
6467ms
16285ms
Average response time
P50
6338ms
15959ms
50th percentile (median)
P90
7437ms
18728ms
90th percentile

ARCD

MetricOpenAI text-embedding-3-smallBAAI/bge-m3Description
Accuracy Metrics
nDCG@5
0.855
0.941
Ranking quality at top 5 results
nDCG@10
0.862
0.941
Ranking quality at top 10 results
Recall@5
0.900
0.960
% of relevant docs in top 5
Recall@10
0.920
0.960
% of relevant docs in top 10
Latency Metrics
Mean
3464ms
12723ms
Average response time
P50
3395ms
12469ms
50th percentile (median)
P90
3984ms
14631ms
90th percentile

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