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As of October 2020, Spot Instances moved to a vCPU based service quota and not instance based. The number seen in the Service Quotas page and the EC2 Limits page addresses the number of vCPUs in their quota. For example: In the quota with the name "All Standard (A, C, D, H, I, M, R, T, Z) Spot Instance Requests" you can see that the description is "The maximum number of vCPUs for all running or requested Standard (A, C, D, H, I, M, R, T, Z) Spot Instances per Region"
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