An Interpretable Latency Model for Speculative Decoding in LLM Serving

Speculative decoding (SD) accelerates large language model inference by using a smaller draft model to propose draft tokens that are subsequently verified by a larger target model. However, the performance of standard SD is often limited by the strictly sequential execution of these drafting and verification stages. To address this, this paper proposes MineDraft, a batch parallel speculative decoding (PSD) framework designed to effectively hide drafting latency by overlapping it with verification. Our theoretical analysis shows that PSD is substantially more efficient than standard SD. MineDraft realizes the PSD through a novel batch-parallel design that maintains two batches of requests, overlapping drafting for one batch with verification for the other. Our experimental results show significant improvements of \alg{} in both throughput (up to 75%) and end-to-end latency (up to 39%) over standard SD. Furthermore, we have implemented MineDraft as a plugin for vLLM, demonstrating its practicality for production-ready inference systems.

LLM serving platforms are increasingly deployed as multi-model cloud systems, where user demand is often long-tailed: a few popular large models receive most requests, while many smaller tail models remain underutilized. We propose \textbf{SPECTRE} (Parallel \textbf{SPEC}ulative Decoding with a Multi-\textbf{T}enant \textbf{RE}mote Drafter), a serving framework that reuses underutilized tail-model services as remote drafters for heavily loaded large-model services through speculative decoding. SPECTRE enables draft generation and target-side verification to run in parallel, and makes such parallelism effective through three techniques: a hybrid ordinary-parallel speculative decoding strategy guided by a threshold derived from throughput analysis, speculative priority scheduling to preserve draft--target overlap under multi-tenant traffic, and draft-side prompt compression to reduce draft latency. We implement SPECTRE in \texttt{SGLang} and evaluate it across multiple draft--target model pairs, reasoning benchmarks, real-world long-context workloads, and a wide range of batch sizes. Results show that SPECTRE consistently improves large-model serving throughput while causing only minor interference to the native workloads of tail-model services. In large-model deployments, including Qwen3-235B-A22B with TP=8, SPECTRE achieves up to \textbf{2.28$\times$ speedup} over autoregressive decoding and up to an additional \textbf{66% relative improvement} over the strongest speculative decoding baselines. Talk is cheap, we show you the code: https://github.com/sgl-project/sglang/pull/22272.

Speculative decoding (SD) accelerates language model inference by drafting tokens from a cheap proposal model and verifying them against an expensive target model via rejection sampling. Because rejection truncates the draft block at the first error, throughput degrades when draft and target diverge. Rather than rejecting draft tokens outright, we propose to reweight them. To this end, we introduce sequential Monte Carlo speculative decoding (SMC-SD), which replaces token-level rejection with importance-weighted resampling over a population of draft particles. SMC-SD is a principled approximate inference scheme that trades exactness for additional speed, while preserving theoretical bounds on its per-step approximation error. Because LLM inference is memory bandwidth-bound, the arithmetic needed to draft particles and to score them in parallel comes nearly for free -- SMC-SD uses idle compute to turn verification into a vectorized, fixed-size operation with no rollback. Empirically, SMC-SD achieves 2.36x speed-up over speculative decoding and a 5.2x speed-up over autoregressive decoding, while remaining within 3% of the target model's accuracy on reasoning, instruction-following, and coding benchmarks.