diff --git a/packages/redux-devtools-rtk-query-monitor/README.md b/packages/redux-devtools-rtk-query-monitor/README.md
index 18ae47e5..e2142e1f 100644
--- a/packages/redux-devtools-rtk-query-monitor/README.md
+++ b/packages/redux-devtools-rtk-query-monitor/README.md
@@ -72,7 +72,7 @@ See also
   - query state
   - tags
   - subscriptions
-  - api slice config
+  - api state
   - api stats
 
 ## TODO
diff --git a/packages/redux-devtools-rtk-query-monitor/src/types.ts b/packages/redux-devtools-rtk-query-monitor/src/types.ts
index 3697bb38..a8f270dc 100644
--- a/packages/redux-devtools-rtk-query-monitor/src/types.ts
+++ b/packages/redux-devtools-rtk-query-monitor/src/types.ts
@@ -114,6 +114,7 @@ export interface QueryTimings {
   readonly latestFetch: { key: string; at: string } | null;
   readonly slowest: { key: string; duration: string } | null;
   readonly fastest: { key: string; duration: string } | null;
+  readonly average: string;
 }
 
 export interface ApiTimings {
diff --git a/packages/redux-devtools-rtk-query-monitor/src/utils/formatters.ts b/packages/redux-devtools-rtk-query-monitor/src/utils/formatters.ts
new file mode 100644
index 00000000..69a4e93b
--- /dev/null
+++ b/packages/redux-devtools-rtk-query-monitor/src/utils/formatters.ts
@@ -0,0 +1,31 @@
+export function formatMs(milliseconds: number): string {
+  if (!Number.isFinite(milliseconds)) {
+    return 'NaN';
+  }
+
+  const absInput = Math.abs(Math.round(milliseconds));
+  let millis = (absInput % 1000).toString();
+
+  if (millis.length < 3) {
+    if (millis.length === 2) {
+      millis = '0' + millis;
+    } else {
+      millis = '00' + millis;
+    }
+  }
+
+  const seconds = Math.floor(absInput / 1_000) % 60;
+  const minutes = Math.floor(absInput / 60_000);
+
+  let output = `${seconds}.${millis}s`;
+
+  if (minutes > 0) {
+    output = `${minutes}m${output}`;
+  }
+
+  if (milliseconds < 0) {
+    output = `-${output}`;
+  }
+
+  return output;
+}
diff --git a/packages/redux-devtools-rtk-query-monitor/src/utils/rtk-query.ts b/packages/redux-devtools-rtk-query-monitor/src/utils/rtk-query.ts
index 8fc56709..ae154432 100644
--- a/packages/redux-devtools-rtk-query-monitor/src/utils/rtk-query.ts
+++ b/packages/redux-devtools-rtk-query-monitor/src/utils/rtk-query.ts
@@ -19,6 +19,8 @@ import { missingTagId } from '../monitor-config';
 import { Comparator } from './comparators';
 import { emptyArray } from './object';
 import { SubscriptionState } from '@reduxjs/toolkit/dist/query/core/apiState';
+import { formatMs } from './formatters';
+import { mean } from './statistics';
 
 const rtkqueryApiStateKeys: ReadonlyArray<keyof RtkQueryApiState> = [
   'queries',
@@ -213,6 +215,8 @@ function computeQueryApiTimings(
     duration: Number.MAX_SAFE_INTEGER,
   };
 
+  const pendingDurations: number[] = [];
+
   const queryKeys = Object.keys(queriesOrMutations);
 
   for (let i = 0, len = queryKeys.length; i < len; i++) {
@@ -239,6 +243,8 @@ function computeQueryApiTimings(
       ) {
         const pendingDuration = fulfilledTimeStamp - startedTimeStamp;
 
+        pendingDurations.push(pendingDuration);
+
         if (pendingDuration > slowest.duration) {
           slowest.key = queryKey;
           slowest.duration = pendingDuration;
@@ -265,22 +271,26 @@ function computeQueryApiTimings(
   }
 
   if (slowest.key !== null) {
-    slowest.duration = `${((slowest.duration as number) / 1_000).toFixed(3)}s`;
+    slowest.duration = formatMs(slowest.duration as number);
   } else {
     slowest = null;
   }
 
   if (fastest.key !== null) {
-    fastest.duration = `${((fastest.duration as number) / 1_000).toFixed(3)}s`;
+    fastest.duration = formatMs(fastest.duration as number);
   } else {
     fastest = null;
   }
 
+  const average =
+    pendingDurations.length > 0 ? formatMs(mean(pendingDurations)) : '-';
+
   return {
     latestFetch,
     oldestFetch,
     slowest,
     fastest,
+    average,
   } as QueryTimings;
 }
 
diff --git a/packages/redux-devtools-rtk-query-monitor/src/utils/statistics.ts b/packages/redux-devtools-rtk-query-monitor/src/utils/statistics.ts
new file mode 100644
index 00000000..daaff19c
--- /dev/null
+++ b/packages/redux-devtools-rtk-query-monitor/src/utils/statistics.ts
@@ -0,0 +1,43 @@
+/**
+ * An implementation of `Kahan-Babuska algorithm`
+ * that reduces numerical floating point errors.
+ * @param {number[]} nums
+ * @returns {number}
+ * @see https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.582.288&rep=rep1&type=pdf
+ */
+function sum(nums: number[]): number {
+  if (nums.length === 0) {
+    return 0;
+  }
+
+  let t;
+  let correction = 0;
+  let output = nums[0];
+
+  for (let i = 1, len = nums.length; i < len; i++) {
+    t = output + nums[i];
+
+    if (Math.abs(output) >= Math.abs(nums[i])) {
+      correction += output - t + nums[i];
+    } else {
+      correction += nums[i] - t + output;
+    }
+
+    output = t;
+  }
+
+  return output + correction;
+}
+
+/**
+ * Returns mean, also known as average, of numerical sequences.
+ * @param nums
+ * @returns
+ */
+export function mean(nums: number[]): number {
+  if (nums.length === 0) {
+    return NaN;
+  }
+
+  return sum(nums) / nums.length;
+}