diff --git a/packages/indexer-service/src/commands/start.ts b/packages/indexer-service/src/commands/start.ts
index 380f2ed70..b8f5fa11c 100644
--- a/packages/indexer-service/src/commands/start.ts
+++ b/packages/indexer-service/src/commands/start.ts
@@ -154,6 +154,13 @@ export default {
         default: 'debug',
         group: 'Indexer Infrastructure',
       })
+      .option('query-timing-logs', {
+        description: 'Log time spent on each query received',
+        type: 'boolean',
+        default: false,
+        required: false,
+        group: 'Indexer Infrastructure',
+      })
       .option('vector-node', {
         description: 'URL of a vector node',
         type: 'string',
@@ -436,6 +443,7 @@ export default {
       metrics,
       receiptManager,
       signers,
+      queryTimingLogs: argv.queryTimingLogs,
     })
 
     const indexerManagementClient = await createIndexerManagementClient({
diff --git a/packages/indexer-service/src/queries.ts b/packages/indexer-service/src/queries.ts
index 2ae7cf4a1..dd7351390 100644
--- a/packages/indexer-service/src/queries.ts
+++ b/packages/indexer-service/src/queries.ts
@@ -1,4 +1,4 @@
-import axios, { AxiosInstance, AxiosResponse } from 'axios'
+import axios, { AxiosInstance, AxiosResponse, AxiosRequestConfig } from 'axios'
 
 import { Logger, Metrics, Eventual } from '@graphprotocol/common-ts'
 import {
@@ -18,6 +18,16 @@ export interface PaidQueryProcessorOptions {
   graphNode: string
   signers: Eventual<AttestationSignerMap>
   receiptManager: ReceiptManager
+  queryTimingLogs: boolean
+}
+
+interface AxiosRequestConfigWithTime extends AxiosRequestConfig {
+  meta?: { requestStartedAt?: number }
+}
+
+interface AxiosResponseWithTime extends AxiosResponse {
+  responseTime?: number
+  config: AxiosRequestConfigWithTime
 }
 
 export class QueryProcessor implements QueryProcessorInterface {
@@ -26,6 +36,7 @@ export class QueryProcessor implements QueryProcessorInterface {
   graphNode: AxiosInstance
   signers: Eventual<AttestationSignerMap>
   receiptManager: ReceiptManager
+  queryTimingLogs: boolean
 
   constructor({
     logger,
@@ -33,8 +44,10 @@ export class QueryProcessor implements QueryProcessorInterface {
     graphNode,
     receiptManager,
     signers,
+    queryTimingLogs,
   }: PaidQueryProcessorOptions) {
     this.logger = logger
+    this.queryTimingLogs = queryTimingLogs
     this.metrics = metrics
     this.signers = signers
     this.graphNode = axios.create({
@@ -51,6 +64,34 @@ export class QueryProcessor implements QueryProcessorInterface {
       // Don't throw on bad responses
       validateStatus: () => true,
     })
+
+    if (this.queryTimingLogs) {
+      // Set up Axios for request response time measurement
+      // https://sabljakovich.medium.com/axios-response-time-capture-and-log-8ff54a02275d
+      this.graphNode.interceptors.request.use(function (x: AxiosRequestConfigWithTime) {
+        // to avoid overwriting if another interceptor
+        // already defined the same object (meta)
+        x.meta = x.meta || {}
+        x.meta.requestStartedAt = new Date().getTime()
+        return x
+      })
+      this.graphNode.interceptors.response.use(
+        function (x: AxiosResponseWithTime) {
+          if (x.config.meta?.requestStartedAt !== undefined) {
+            x.responseTime = new Date().getTime() - x.config.meta?.requestStartedAt
+          }
+          return x
+        },
+        // Handle 4xx & 5xx responses
+        function (x: AxiosResponseWithTime) {
+          if (x.config.meta?.requestStartedAt !== undefined) {
+            x.responseTime = new Date().getTime() - x.config.meta.requestStartedAt
+          }
+          throw x
+        },
+      )
+    }
+
     this.receiptManager = receiptManager
   }
 
@@ -79,10 +120,10 @@ export class QueryProcessor implements QueryProcessorInterface {
       receipt,
     })
 
-    const allocationID = await this.receiptManager.add(receipt)
+    const parsedReceipt = await this.receiptManager.add(receipt)
 
     // Look up or derive a signer for the attestation for this query
-    const signer = (await this.signers.value()).get(allocationID)
+    const signer = (await this.signers.value()).get(parsedReceipt.allocation)
 
     // Fail query outright if we have no signer for this attestation
     if (signer === undefined) {
@@ -108,6 +149,15 @@ export class QueryProcessor implements QueryProcessorInterface {
       attestation = await signer.createAttestation(query, response.data)
     }
 
+    if (this.queryTimingLogs) {
+      this.logger.info('Done executing paid query', {
+        deployment: subgraphDeploymentID.ipfsHash,
+        fees: parsedReceipt.fees.toBigInt().toString(),
+        query: query,
+        responseTime: (response as AxiosResponseWithTime).responseTime ?? null,
+      })
+    }
+
     return {
       status: 200,
       result: {
diff --git a/packages/indexer-service/src/query-fees/allocations.ts b/packages/indexer-service/src/query-fees/allocations.ts
index 111065dc0..27c75afd0 100644
--- a/packages/indexer-service/src/query-fees/allocations.ts
+++ b/packages/indexer-service/src/query-fees/allocations.ts
@@ -79,7 +79,11 @@ export class AllocationReceiptManager implements ReceiptManager {
   }
 
   // Saves the receipt and returns the allocation for signing
-  async add(receiptData: string): Promise<Address> {
+  async add(receiptData: string): Promise<{
+    id: string
+    allocation: Address
+    fees: BigNumber
+  }> {
     // Security: Input validation
     if (!allocationReceiptValidator.test(receiptData)) {
       throw indexerError(IndexerErrorCode.IE031, 'Expecting 264 hex characters')
@@ -93,7 +97,7 @@ export class AllocationReceiptManager implements ReceiptManager {
 
     // If the fee is 0, validate verifier and return allocation ID for the signer
     if (receipt.fees.isZero()) {
-      return receipt.allocation
+      return receipt
     }
 
     this._queue({
@@ -103,7 +107,7 @@ export class AllocationReceiptManager implements ReceiptManager {
       signature,
     })
 
-    return receipt.allocation
+    return receipt
   }
 
   /// Flushes all receipts that have been registered by this moment in time.
diff --git a/packages/indexer-service/src/query-fees/index.ts b/packages/indexer-service/src/query-fees/index.ts
index 15991659a..133dd81ca 100644
--- a/packages/indexer-service/src/query-fees/index.ts
+++ b/packages/indexer-service/src/query-fees/index.ts
@@ -1,8 +1,13 @@
 import { Address } from '@graphprotocol/common-ts'
+import { BigNumber } from 'ethers'
 
 export * from './allocations'
 
 export interface ReceiptManager {
   // Saves the query fees and returns the allocation for signing
-  add(receiptData: string): Promise<Address>
+  add(receiptData: string): Promise<{
+    id: string
+    allocation: Address
+    fees: BigNumber
+  }>
 }