Helicone vs Vercel AI Gateway (2026)
Updated March 10, 2026
Overview
Helicone is an open-source LLM observability and proxy platform. By adding a single line of code, developers get request logging, cost tracking, caching, rate limiting, and analytics for their LLM applications. Helicone supports all major LLM providers and can function as both a gateway proxy and a logging-only integration.
Vercel AI Gateway routes hundreds of models through one API key with zero token markup. Compare its pricing, features, pros and cons, and alternatives.
Key features
Core capabilities each platform advertises.
- LLM observability and monitoring
- Cost tracking and analytics
- Request caching
- Rate limiting and user management
- Open-source with managed option
- One API key for hundreds of models
- Provider and model fallbacks
- Request logs and spend dashboards
- Budgets by team, project, API key, or member
Strengths and tradeoffs
What each tool does well, and the limitations to keep in mind.
Pros
- Extremely simple integration (one line of code)
- Open-source with self-hosting option
- Generous free tier (100k requests)
- Supports all major LLM providers
Cons
- Advanced features require paid tiers
- Data retention limited on free tier
- Self-hosting requires technical expertise
Pros
- No markup on tokens, including with BYOK
- Callable from any infrastructure, not only Vercel deployments
- Ordered provider and model fallbacks
Cons
- No output evaluation or quality scoring
- Free tier limited to a subset of models with lower rate limits
- Budgets don't cover BYOK spend, and failed BYOK requests fall back to billed system credentials
- Team-wide ZDR, custom reporting, and trace drains are paid add-ons
Helicone or Vercel AI — which should you choose?
Choose Helicone if you wantChoose if you want
- LLM cost monitoring and optimization
- Production request debugging
- User-level usage tracking and rate limiting
- Caching to reduce latency and cost
- Team-wide LLM spend management
Choose Vercel AI if you wantChoose if you want
- Multi-provider model access for AI SDK apps
- Provider failover for production agents
- Capping AI spend by project or API key
- Routing coding agent spend through one account
Compare Helicone and Vercel AI Gateway on your own traffic
Respan lets you trace LLM and agent calls across any model or framework, A/B test prompts on production traffic, and route requests across 1,000+ models through one gateway.
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