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The nvme disks are local, not remote EBS. Latency will be the PCI bus.

EBS is exposed as nvme devices on c5 and m5 as well, which is what I assume otterley is talking about.

Presumably the same applies to i3.metal as well, though I have not yet personally checked.

Yes, the root volume on i3.metal is exposed as NVMe and is EBS-backed.