diff --git a/turbopack/crates/turbo-tasks-backend/tests/performance.rs b/turbopack/crates/turbo-tasks-backend/tests/performance.rs
new file mode 120000
index 00000000000000..23ff275bf1de53
--- /dev/null
+++ b/turbopack/crates/turbo-tasks-backend/tests/performance.rs
@@ -0,0 +1 @@
+../../turbo-tasks-testing/tests/performance.rs
\ No newline at end of file
diff --git a/turbopack/crates/turbo-tasks-memory/tests/performance.rs b/turbopack/crates/turbo-tasks-memory/tests/performance.rs
new file mode 120000
index 00000000000000..23ff275bf1de53
--- /dev/null
+++ b/turbopack/crates/turbo-tasks-memory/tests/performance.rs
@@ -0,0 +1 @@
+../../turbo-tasks-testing/tests/performance.rs
\ No newline at end of file
diff --git a/turbopack/crates/turbo-tasks-testing/tests/performance.rs b/turbopack/crates/turbo-tasks-testing/tests/performance.rs
new file mode 100644
index 00000000000000..5dbd561bb285d1
--- /dev/null
+++ b/turbopack/crates/turbo-tasks-testing/tests/performance.rs
@@ -0,0 +1,100 @@
+#![feature(arbitrary_self_types)]
+
+use std::time::Duration;
+
+use turbo_tasks::Vc;
+use turbo_tasks_testing::{register, run, Registration};
+
+static REGISTRATION: Registration = register!();
+
+const COUNT1: u32 = 100;
+const COUNT2: u32 = 2000;
+
+#[tokio::test]
+async fn many_calls_to_many_children() {
+    run(&REGISTRATION, || async {
+        // The first call will actually execute many_children and its children.
+        let start = std::time::Instant::now();
+        calls_many_children(0).strongly_consistent().await?;
+        println!("Initial call took {:?}", start.elapsed());
+
+        // The second call will connect to the cached many_children, but it would be ok if that's
+        // not yet optimized.
+        let start = std::time::Instant::now();
+        calls_many_children(1).strongly_consistent().await?;
+        println!("Second call took {:?}", start.elapsed());
+
+        // Susbsequent calls should be very fast.
+        let start = std::time::Instant::now();
+        for i in 2..COUNT1 {
+            calls_many_children(i).strongly_consistent().await?;
+        }
+        let subsequent = start.elapsed();
+        println!(
+            "First {} subsequent calls took {:?}",
+            COUNT1 - 2,
+            subsequent
+        );
+
+        let start = std::time::Instant::now();
+        for i in COUNT1..COUNT1 * 2 - 2 {
+            calls_many_children(i).strongly_consistent().await?;
+        }
+        let subsequent2 = start.elapsed();
+        println!(
+            "Another {} subsequent calls took {:?}",
+            COUNT1 - 2,
+            subsequent2
+        );
+
+        let start = std::time::Instant::now();
+        calls_many_children(COUNT1 - 1)
+            .strongly_consistent()
+            .await?;
+        let final_call = start.elapsed();
+        println!("Final call took {:?}", final_call);
+
+        assert!(
+            subsequent2 * 2 < subsequent * 3,
+            "Performance should not regress with more calls"
+        );
+
+        assert!(
+            subsequent < Duration::from_micros(100) * (COUNT1 - 2),
+            "Each call should be less than 100µs"
+        );
+
+        assert!(
+            subsequent2 < Duration::from_micros(100) * (COUNT1 - 2),
+            "Each call should be less than 100µs"
+        );
+
+        anyhow::Ok(())
+    })
+    .await
+    .unwrap()
+}
+
+#[turbo_tasks::value]
+struct Value {
+    value: u32,
+}
+
+#[turbo_tasks::function]
+async fn calls_many_children(_i: u32) -> Vc<()> {
+    let _ = many_children();
+    Vc::cell(())
+}
+
+#[turbo_tasks::function]
+fn many_children() -> Vc<()> {
+    for i in 0..COUNT2 {
+        let _ = many_children_inner(i);
+    }
+    Vc::cell(())
+}
+
+#[turbo_tasks::function]
+fn many_children_inner(_i: u32) -> Vc<()> {
+    Vc::cell(())
+}