A system and method for measuring or calibrating a delay through a circuit path within an integrated circuit is disclosed. In some embodiments, a delay locked loop (DLL) circuit is provided. An arbiter circuit in the DLL compares timing of a clock signal and a delayed version of the clock signal that has passed through the circuit path. The percentage of the clock signal with feature that arrives before the corresponding feature of the delayed clock can be an indication of the delay timing through the path relative to a period of the clock signal and used as feedback in the DLL.