Three-dimensional (3D) single molecule localization microscopy (SMLM) plays an important role in biomedical applications, but its data processing is very complicated. Deep learning is a potential tool to solve this problem. As the state of art 3D super-resolution localization algorithm based on deep learning, FD-DeepLoc algorithm reported recently still has a gap with the expected goal of online image processing, even though it has greatly improved the data processing throughput. In this paper, a new algorithm Lite-FD-DeepLoc is developed on the basis of FD-DeepLoc algorithm to meet the online image processing requirements of 3D SMLM. This new algorithm uses the feature compression method to reduce the parameters of the model, and combines it with pipeline programming to accelerate the inference process of the deep learning model. The simulated data processing results show that the image processing speed of Lite-FD-DeepLoc is about twice as fast as that of FD-DeepLoc with a slight decrease in localization accuracy, which can realize real-time processing of 256×256 pixels size images. The results of biological experimental data processing imply that Lite-FD-DeepLoc can successfully analyze the data based on astigmatism and saddle point engineering, and the global resolution of the reconstructed image is equivalent to or even better than FD-DeepLoc algorithm.