Updated March 10, 2026
Lunary is an open-source LLM observability platform for monitoring AI applications in production. It provides request tracing, cost tracking, user analytics, and prompt management with a clean dashboard. Lunary can be self-hosted for data privacy and offers a managed cloud option.
Phoenix is an open-source LLM observability and evaluation platform from Arize AI. It supports OpenTelemetry-based tracing across LLM and agent applications, with built-in evaluators, dataset management, and prompt playgrounds. Phoenix can be self-hosted with Docker or run via the Arize-hosted cloud version.
Core capabilities each platform advertises.
What each tool does well, and the limitations to keep in mind.
Pros
Cons
Pros
Cons
Choose Lunary if you wantChoose if you want
Choose Phoenix if you wantChoose if you want
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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