diff --git a/.gitignore b/.gitignore
index 678945c2776..50bf3731a48 100644
--- a/.gitignore
+++ b/.gitignore
@@ -172,3 +172,6 @@ cscope.out
 # Dask workspace
 dask-worker-space/
 node_modules
+
+# Asv stuff
+.asv/
diff --git a/asv_bench/asv.conf.json b/asv_bench/asv.conf.json
new file mode 100644
index 00000000000..a260a347c27
--- /dev/null
+++ b/asv_bench/asv.conf.json
@@ -0,0 +1,159 @@
+{
+    // The version of the config file format.  Do not change, unless
+    // you know what you are doing.
+    "version": 1,
+
+    // The name of the project being benchmarked
+    "project": "modin",
+
+    // The project's homepage
+    "project_url": "https://modin.readthedocs.io/",
+
+    // The URL or local path of the source code repository for the
+    // project being benchmarked
+    "repo": "..",
+
+    // The Python project's subdirectory in your repo.  If missing or
+    // the empty string, the project is assumed to be located at the root
+    // of the repository.
+    // "repo_subdir": "",
+
+    // Customizable commands for building, installing, and
+    // uninstalling the project. See asv.conf.json documentation.
+    //
+    // "install_command": ["in-dir={env_dir} python -mpip install {wheel_file}"],
+    // "uninstall_command": ["return-code=any python -mpip uninstall -y {project}"],
+    // "build_command": [
+    //     "python setup.py build",
+    //     "PIP_NO_BUILD_ISOLATION=false python -mpip wheel --no-deps --no-index -w {build_cache_dir} {build_dir}"
+    // ],
+
+    // List of branches to benchmark. If not provided, defaults to "master"
+    // (for git) or "default" (for mercurial).
+    // "branches": ["master"], // for git
+    // "branches": ["default"],    // for mercurial
+
+    // The DVCS being used.  If not set, it will be automatically
+    // determined from "repo" by looking at the protocol in the URL
+    // (if remote), or by looking for special directories, such as
+    // ".git" (if local).
+    // "dvcs": "git",
+
+    // The tool to use to create environments.  May be "conda",
+    // "virtualenv" or other value depending on the plugins in use.
+    // If missing or the empty string, the tool will be automatically
+    // determined by looking for tools on the PATH environment
+    // variable.
+    "environment_type": "conda",
+
+    // timeout in seconds for installing any dependencies in environment
+    // defaults to 10 min
+    //"install_timeout": 600,
+
+    // the base URL to show a commit for the project.
+    "show_commit_url": "https://github.com/modin-project/modin/commit/",
+
+    // The Pythons you'd like to test against.  If not provided, defaults
+    // to the current version of Python used to run `asv`.
+    // "pythons": ["3.7"],
+
+    // The list of conda channel names to be searched for benchmark
+    // dependency packages in the specified order
+    "conda_channels": ["conda-forge", "defaults"],
+
+    // The matrix of dependencies to test.  Each key is the name of a
+    // package (in PyPI) and the values are version numbers.  An empty
+    // list or empty string indicates to just test against the default
+    // (latest) version. null indicates that the package is to not be
+    // installed. If the package to be tested is only available from
+    // PyPi, and the 'environment_type' is conda, then you can preface
+    // the package name by 'pip+', and the package will be installed via
+    // pip (with all the conda available packages installed first,
+    // followed by the pip installed packages).
+    "matrix": {
+        "pandas": ["1.1.4"],
+        "packaging": [""],
+        "pip+ray": ["1.0.1"],
+        "pyarrow": ["1.0"]
+    },
+    // Combinations of libraries/python versions can be excluded/included
+    // from the set to test. Each entry is a dictionary containing additional
+    // key-value pairs to include/exclude.
+    //
+    // An exclude entry excludes entries where all values match. The
+    // values are regexps that should match the whole string.
+    //
+    // An include entry adds an environment. Only the packages listed
+    // are installed. The 'python' key is required. The exclude rules
+    // do not apply to includes.
+    //
+    // In addition to package names, the following keys are available:
+    //
+    // - python
+    //     Python version, as in the *pythons* variable above.
+    // - environment_type
+    //     Environment type, as above.
+    // - sys_platform
+    //     Platform, as in sys.platform. Possible values for the common
+    //     cases: 'linux2', 'win32', 'cygwin', 'darwin'.
+    //
+    // "exclude": [
+    //     {"python": "3.2", "sys_platform": "win32"}, // skip py3.2 on windows
+    //     {"environment_type": "conda", "six": null}, // don't run without six on conda
+    // ],
+    //
+    // "include": [
+    //     // additional env for python2.7
+    //     {"python": "2.7", "numpy": "1.8"},
+    //     // additional env if run on windows+conda
+    //     {"platform": "win32", "environment_type": "conda", "python": "2.7", "libpython": ""},
+    // ],
+
+    // The directory (relative to the current directory) that benchmarks are
+    // stored in.  If not provided, defaults to "benchmarks"
+    // "benchmark_dir": "benchmarks",
+
+    // The directory (relative to the current directory) to cache the Python
+    // environments in.  If not provided, defaults to "env"
+    "env_dir": ".asv/env",
+
+    // The directory (relative to the current directory) that raw benchmark
+    // results are stored in.  If not provided, defaults to "results".
+    "results_dir": ".asv/results",
+
+    // The directory (relative to the current directory) that the html tree
+    // should be written to.  If not provided, defaults to "html".
+    "html_dir": ".asv/html",
+
+    // The number of characters to retain in the commit hashes.
+    // "hash_length": 8,
+
+    // `asv` will cache results of the recent builds in each
+    // environment, making them faster to install next time.  This is
+    // the number of builds to keep, per environment.
+    // "build_cache_size": 2,
+
+    // The commits after which the regression search in `asv publish`
+    // should start looking for regressions. Dictionary whose keys are
+    // regexps matching to benchmark names, and values corresponding to
+    // the commit (exclusive) after which to start looking for
+    // regressions.  The default is to start from the first commit
+    // with results. If the commit is `null`, regression detection is
+    // skipped for the matching benchmark.
+    //
+    // "regressions_first_commits": {
+    //    "some_benchmark": "352cdf",  // Consider regressions only after this commit
+    //    "another_benchmark": null,   // Skip regression detection altogether
+    // },
+
+    // The thresholds for relative change in results, after which `asv
+    // publish` starts reporting regressions. Dictionary of the same
+    // form as in ``regressions_first_commits``, with values
+    // indicating the thresholds.  If multiple entries match, the
+    // maximum is taken. If no entry matches, the default is 5%.
+    //
+    // "regressions_thresholds": {
+    //    "some_benchmark": 0.01,     // Threshold of 1%
+    //    "another_benchmark": 0.5,   // Threshold of 50%
+    // },
+}
diff --git a/asv_bench/benchmarks/__init__.py b/asv_bench/benchmarks/__init__.py
new file mode 100644
index 00000000000..d863714a816
--- /dev/null
+++ b/asv_bench/benchmarks/__init__.py
@@ -0,0 +1 @@
+"""Modin benchmarks"""
diff --git a/asv_bench/benchmarks/benchmarks.py b/asv_bench/benchmarks/benchmarks.py
new file mode 100644
index 00000000000..c883b0cd30c
--- /dev/null
+++ b/asv_bench/benchmarks/benchmarks.py
@@ -0,0 +1,126 @@
+# Write the benchmarking functions here.
+# See "Writing benchmarks" in the asv docs for more information.
+import modin.pandas as pd
+import numpy as np
+
+pd.DEFAULT_NPARTITIONS = 4
+
+
+class TimeGroupBy:
+    param_names = ["rows_cols"]
+    params = [
+        [
+            (100, 1000),
+            (10000, 1000),
+        ]
+    ]
+
+    def setup(self, rows_cols):
+        rows, cols = rows_cols
+        # workaround for #2482
+        columns = [str(x) for x in range(cols)]
+        self.df = pd.DataFrame(
+            np.random.randint(0, 100, size=(rows, cols)), columns=columns
+        )
+
+    # add case for multiple by
+    def time_groupby_sum(self, rows_cols):
+        self.df.groupby(by="1").sum()
+
+    def time_groupby_mean(self, rows_cols):
+        self.df.groupby(by="1").mean()
+
+    def time_groupby_count(self, rows_cols):
+        self.df.groupby(by="1").count()
+
+
+class TimeJoin:
+    param_names = ["rows_cols", "how"]
+    params = [
+        [
+            (100, 1000),
+            (10000, 1000),
+        ],
+        ["outer", "inner", "left", "right"],
+    ]
+
+    def setup(self, rows_cols, how):
+        rows, cols = rows_cols
+        # workaround for #2482
+        columns = [str(x) for x in range(cols)]
+        numpy_data = np.random.randint(0, 100, size=(rows, cols)), columns=columns
+        self.df_left = pd.DataFrame(numpy_data)
+        self.df_right = pd.DataFrame(numpy_data)
+
+    def time_join(self, rows_cols, how):
+        self.df_left.join(self.df_right, how=how, lsuffix="left_")
+
+
+class TimeMerge:
+    param_names = ["rows_cols", "how"]
+    params = [
+        [
+            (100, 1000),
+            (10000, 1000),
+        ],
+        ["outer", "inner", "left", "right"],
+    ]
+
+    def setup(self, rows_cols, how):
+        rows, cols = rows_cols
+        # workaround for #2482
+        columns = [str(x) for x in range(cols)]
+        numpy_data = np.random.randint(0, 100, size=(rows, cols)), columns=columns
+        self.df_left = pd.DataFrame(numpy_data)
+        self.df_right = pd.DataFrame(numpy_data)
+
+    def time_merge(self, rows_cols, how):
+        self.df_left.merge(self.df_right, how=how, left_index=True, right_index=True)
+
+
+class TimeArithmetic:
+    param_names = ["rows_cols"]
+    params = [
+        [
+            (100, 1000),
+            (10000, 1000),
+        ]
+    ]
+
+    def setup(self, rows_cols):
+        rows, cols = rows_cols
+        # workaround for #2482
+        columns = [str(x) for x in range(cols)]
+        self.df = pd.DataFrame(
+            np.random.randint(0, 100, size=(rows, cols)), columns=columns
+        )
+
+    def time_transpose_lazy(self, rows_cols):
+        self.df.T
+
+    def time_transpose(self, rows_cols):
+        repr(self.df.T)
+
+    def time_sum(self, rows_cols):
+        self.df.sum()
+
+    def time_sum_axis_1(self, rows_cols):
+        self.df.sum(axis=1)
+
+    def time_median(self, rows_cols):
+        self.df.median()
+
+    def time_median_axis_1(self, rows_cols):
+        self.df.median(axis=1)
+
+    def time_nunique(self, rows_cols):
+        self.df.nunique()
+
+    def time_nunique_axis_1(self, rows_cols):
+        self.df.nunique(axis=1)
+
+    def time_apply(self, rows_cols):
+        self.df.apply(lambda df: df.sum())
+
+    def time_apply(self, rows_cols):
+        self.df.apply(lambda df: df.sum(), axis=1)