diff --git a/test/functional/requirements.txt b/test/functional/requirements.txt
index 4e9f197..daaa74f 100644
--- a/test/functional/requirements.txt
+++ b/test/functional/requirements.txt
@@ -1 +1,2 @@
 attotime>=0.2.0
+schema==0.7.2
diff --git a/test/functional/tests/performance/conftest.py b/test/functional/tests/performance/conftest.py
new file mode 100644
index 0000000..3c9e441
--- /dev/null
+++ b/test/functional/tests/performance/conftest.py
@@ -0,0 +1,48 @@
+#
+# Copyright(c) 2020 Intel Corporation
+# SPDX-License-Identifier: BSD-3-Clause-Clear
+#
+
+from datetime import datetime as dt
+import os
+import json
+import pytest
+
+from utils.performance import PerfContainer, ConfigParameter, BuildTypes
+from core.test_run import TestRun
+from api.cas.casadm_parser import get_casadm_version
+
+
+@pytest.fixture()
+def perf_collector(request):
+    container = PerfContainer()
+    yield container
+
+    if container.is_empty:
+        # No performance metrics submitted by test, no sense in writing any log
+        TestRun.LOGGER.warning("No performance metrics collected by test using perf_collector")
+        return
+
+    container.insert_config_param(request.node.name.split("[")[0], ConfigParameter.TEST_NAME)
+    container.insert_config_param(get_casadm_version(), ConfigParameter.CAS_VERSION)
+    container.insert_config_param(TestRun.disks["cache"].disk_type, ConfigParameter.CACHE_TYPE)
+    container.insert_config_param(TestRun.disks["core"].disk_type, ConfigParameter.CORE_TYPE)
+    container.insert_config_param(dt.now(), ConfigParameter.TIMESTAMP)
+    container.insert_config_param(
+        request.config.getoption("--build-type"), ConfigParameter.BUILD_TYPE
+    )
+    if TestRun.dut.ip:
+        container.insert_config_param(TestRun.dut.ip, ConfigParameter.DUT)
+
+    perf_log_path = os.path.join(TestRun.LOGGER.base_dir, "perf.json")
+
+    with open(perf_log_path, "w") as dump_file:
+        json.dump(container.to_serializable_dict(), dump_file, indent=4)
+
+
+def pytest_addoption(parser):
+    parser.addoption("--build-type", choices=BuildTypes, default="other")
+
+
+def pytest_configure(config):
+    config.addinivalue_line("markers", "performance: performance test")
diff --git a/test/functional/tests/performance/test_100p_hits.py b/test/functional/tests/performance/test_100p_hits.py
new file mode 100644
index 0000000..6703b55
--- /dev/null
+++ b/test/functional/tests/performance/test_100p_hits.py
@@ -0,0 +1,156 @@
+#
+# Copyright(c) 2020 Intel Corporation
+# SPDX-License-Identifier: BSD-3-Clause-Clear
+#
+
+import pytest
+
+from api.cas import casadm
+from api.cas.cache_config import (
+    CacheMode,
+    CacheLineSize,
+    SeqCutOffPolicy,
+    CleaningPolicy,
+)
+from utils.performance import WorkloadParameter
+from core.test_run import TestRun
+from test_tools.fio.fio import Fio
+from test_tools.fio.fio_param import IoEngine, ReadWrite
+from test_utils.os_utils import Udev, set_wbt_lat, get_dut_cpu_physical_cores
+from test_utils.size import Size, Unit
+from test_utils.output import CmdException
+from storage_devices.disk import DiskTypeSet, DiskTypeLowerThan, DiskType
+
+
+@pytest.mark.performance()
+@pytest.mark.require_disk("cache", DiskTypeSet([DiskType.optane, DiskType.nand]))
+@pytest.mark.require_disk("core", DiskTypeLowerThan("cache"))
+@pytest.mark.parametrize("queue_depth", [1, 4, 16, 64, 256])
+@pytest.mark.parametrize("numjobs", [1, 4, 16, 64, 256])
+@pytest.mark.parametrize("cache_line_size", CacheLineSize)
+def test_4k_100p_hit_reads_wt(queue_depth, numjobs, cache_line_size, perf_collector, request):
+    """
+        title: Test CAS performance in 100% Cache Hit scenario
+        description: |
+          Characterize cache device with workload (parametrized by qd and job number), and then run
+          the same workload on cached volume.
+        pass_criteria:
+          - always passes
+    """
+    TESTING_WORKSET = Size(20, Unit.GiB)
+
+    fio_cfg = (
+        Fio()
+        .create_command()
+        .io_engine(IoEngine.libaio)
+        .block_size(Size(4, Unit.KiB))
+        .read_write(ReadWrite.randread)
+        .io_depth(queue_depth)
+        .cpus_allowed(get_dut_cpu_physical_cores())
+        .direct()
+    )
+
+    with TestRun.step("Characterize cache device"):
+        cache_dev_characteristics = characterize_cache_device(
+            request.node.name, fio_cfg, queue_depth, numjobs, TESTING_WORKSET
+        )
+    fio_cfg.clear_jobs()
+
+    with TestRun.step("Prepare cache and core"):
+        cache, core = prepare_config(cache_line_size, CacheMode.WT)
+
+    fio_cfg = fio_cfg.target(core)
+    spread_jobs(fio_cfg, numjobs, TESTING_WORKSET)
+
+    with TestRun.step("Fill the cache"):
+        prefill_cache(core, TESTING_WORKSET)
+
+    with TestRun.step("Run fio"):
+        cache_results = fio_cfg.run()[0]
+
+    perf_collector.insert_workload_param(numjobs, WorkloadParameter.NUM_JOBS)
+    perf_collector.insert_workload_param(queue_depth, WorkloadParameter.QUEUE_DEPTH)
+    perf_collector.insert_cache_metrics_from_fio_job(cache_dev_characteristics)
+    perf_collector.insert_exp_obj_metrics_from_fio_job(cache_results)
+    perf_collector.insert_config_from_cache(cache)
+
+
+def prefill_cache(core, size):
+    (
+        Fio()
+        .create_command()
+        .io_engine(IoEngine.libaio)
+        .block_size(Size(4, Unit.KiB))
+        .read_write(ReadWrite.write)
+        .target(core)
+        .size(size)
+        .direct()
+        .run()
+    )
+
+
+@pytest.fixture(scope="session", autouse=True)
+def disable_wbt_throttling():
+    cache_device = TestRun.disks["cache"]
+    core_device = TestRun.disks["core"]
+
+    try:
+        set_wbt_lat(cache_device, 0)
+    except CmdException:
+        TestRun.LOGGER.warning("Couldn't disable write-back throttling for cache device")
+    try:
+        set_wbt_lat(core_device, 0)
+    except CmdException:
+        TestRun.LOGGER.warning("Couldn't disable write-back throttling for core device")
+
+
+def prepare_config(cache_line_size, cache_mode):
+    cache_device = TestRun.disks["cache"]
+    core_device = TestRun.disks["core"]
+
+    core_device.create_partitions([Size(3, Unit.GiB)])
+
+    cache = casadm.start_cache(
+        cache_device, cache_mode=cache_mode, cache_line_size=cache_line_size, force=True,
+    )
+    cache.set_seq_cutoff_policy(SeqCutOffPolicy.never)
+
+    cache.set_cleaning_policy(CleaningPolicy.nop)
+
+    Udev.disable()
+
+    core = cache.add_core(core_device.partitions[0])
+
+    return cache, core
+
+
+def spread_jobs(fio_cfg, numjobs, size):
+    offset = (size / numjobs).align_down(Unit.Blocks512.value)
+
+    for i in range(numjobs):
+        fio_cfg.add_job(f"job_{i+1}").offset(offset * i).size(offset * (i + 1))
+
+
+def characterize_cache_device(test_name, fio_cfg, queue_depth, numjobs, size):
+    cache_device = TestRun.disks["cache"]
+
+    try:
+        return TestRun.dev_characteristics[test_name][queue_depth][numjobs]
+    except AttributeError:
+        pass
+    except KeyError:
+        pass
+
+    spread_jobs(fio_cfg, numjobs, size)
+    result = fio_cfg.target(cache_device).run()[0]
+
+    if not hasattr(TestRun, "dev_characteristics"):
+        TestRun.dev_characteristics = {}
+    if test_name not in TestRun.dev_characteristics:
+        TestRun.dev_characteristics[test_name] = {}
+    if queue_depth not in TestRun.dev_characteristics[test_name]:
+        TestRun.dev_characteristics[test_name][queue_depth] = {}
+
+    TestRun.dev_characteristics[test_name][queue_depth][numjobs] = result
+
+    return result
diff --git a/test/functional/utils/__init__.py b/test/functional/utils/__init__.py
new file mode 100644
index 0000000..e69de29
diff --git a/test/functional/utils/performance.py b/test/functional/utils/performance.py
new file mode 100644
index 0000000..44b474d
--- /dev/null
+++ b/test/functional/utils/performance.py
@@ -0,0 +1,216 @@
+#
+# Copyright(c) 2020 Intel Corporation
+# SPDX-License-Identifier: BSD-3-Clause-Clear
+#
+
+from enum import Enum
+from types import MethodType
+from datetime import datetime
+
+from schema import Schema, Use, And, SchemaError, Or
+
+
+class ValidatableParameter(Enum):
+    """
+    Parameter enumeration together with schema for validating this parameter
+    If given parameter is always valid put False as its value, otherwise use proper Schema object
+    """
+
+    def __new__(cls, schema: Schema):
+        if not (isinstance(schema, Schema) or not schema):
+            raise Exception(
+                f"Invalid {cls.__name__} value. Expected: Schema instance or False, got: {schema}"
+            )
+
+        # Trick for changing value which is supplied by enum
+        # This way we can access Schema from enumeration member instance and still have Enum
+        # properties maintained
+        obj = object.__new__(cls)
+        obj._value_ = obj
+        obj.schema = schema
+        obj.validate = MethodType(cls.validate, obj)
+
+        return obj
+
+    def validate(self, param):
+        if self.schema:
+            param = self.schema.validate(param)
+
+        return param
+
+    def __repr__(self):
+        return f"<{type(self).__name__}.{self.name}>"
+
+    def __str__(self):
+        return str(self.name)
+
+
+class PercentileMetric:
+    def __init__(self, value):
+        value = float(value)
+
+        if not 0 < value < 100:
+            raise SchemaError("Invalid percentile value")
+
+        self.value = value
+
+    def __str__(self):
+        return f"p{self.value:g}".replace(".", "_")
+
+
+class IOMetric(ValidatableParameter):
+    read_IOPS = Schema(Use(int))
+    write_IOPS = Schema(Use(int))
+    read_BW = Schema(Use(int))
+    write_BW = Schema(Use(int))
+    read_CLAT_AVG = Schema(Use(int))
+    write_CLAT_AVG = Schema(Use(int))
+    read_CLAT_PERCENTILES = Schema({Use(PercentileMetric): Use(int)})
+    write_CLAT_PERCENTILES = Schema({Use(PercentileMetric): Use(int)})
+
+BuildTypes = ["master", "pr", "other"]
+
+class ConfigParameter(ValidatableParameter):
+    CAS_VERSION = Schema(Use(str))
+    DUT = Schema(Use(str))
+    TEST_NAME = Schema(str)
+    BUILD_TYPE = Schema(Or(*BuildTypes))
+    CACHE_CONFIG = Schema(
+        {"cache_mode": Use(str), "cache_line_size": Use(str), "cleaning_policy": Use(str)}
+    )
+    CACHE_TYPE = Schema(Use(str))
+    CORE_TYPE = Schema(Use(str))
+    TIMESTAMP = Schema(And(datetime, Use(str)))
+
+
+class WorkloadParameter(ValidatableParameter):
+    NUM_JOBS = Schema(Use(int))
+    QUEUE_DEPTH = Schema(Use(int))
+
+
+class MetricContainer:
+    def __init__(self, metric_type):
+        self.metrics = {}
+        self.metric_type = metric_type
+
+    def insert_metric(self, metric, kind):
+        if not isinstance(kind, self.metric_type):
+            raise Exception(f"Invalid metric type. Expected: {self.metric_type}, got: {type(kind)}")
+
+        if kind.value:
+            metric = kind.value.validate(metric)
+
+        self.metrics[kind] = metric
+
+    @property
+    def is_empty(self):
+        return len(self.metrics) == 0
+
+    def to_serializable_dict(self):
+        # No easy way for json.dump to deal with custom classes (especially custom Enums)
+        def stringify_dict(d):
+            new_dict = {}
+            for k, v in d.items():
+                k = str(k)
+
+                if isinstance(v, dict):
+                    v = stringify_dict(v)
+                elif isinstance(v, int):
+                    pass
+                elif isinstance(v, float):
+                    pass
+                else:
+                    v = str(v)
+
+                new_dict[k] = v
+
+            return new_dict
+
+        return stringify_dict(self.metrics)
+
+
+class PerfContainer:
+    def __init__(self):
+        self.conf_params = MetricContainer(ConfigParameter)
+
+        self.workload_params = MetricContainer(WorkloadParameter)
+
+        self.cache_metrics = MetricContainer(IOMetric)
+        self.core_metrics = MetricContainer(IOMetric)
+        self.exp_obj_metrics = MetricContainer(IOMetric)
+
+    def insert_config_param(self, param, kind: ConfigParameter):
+        self.conf_params.insert_metric(param, kind)
+
+    def insert_config_from_cache(self, cache):
+        cache_config = {
+            "cache_mode": cache.get_cache_mode(),
+            "cache_line_size": cache.get_cache_line_size(),
+            "cleaning_policy": cache.get_cleaning_policy(),
+        }
+
+        self.conf_params.insert_metric(cache_config, ConfigParameter.CACHE_CONFIG)
+
+    def insert_workload_param(self, param, kind: WorkloadParameter):
+        self.workload_params.insert_metric(param, kind)
+
+    @staticmethod
+    def _insert_metrics_from_fio(container, result):
+        result = result.job
+
+        container.insert_metric(result.read.iops, IOMetric.read_IOPS)
+        container.insert_metric(result.write.iops, IOMetric.write_IOPS)
+        container.insert_metric(result.read.bw, IOMetric.read_BW)
+        container.insert_metric(result.write.bw, IOMetric.write_BW)
+        container.insert_metric(result.read.clat_ns.mean, IOMetric.read_CLAT_AVG)
+        container.insert_metric(result.write.clat_ns.mean, IOMetric.write_CLAT_AVG)
+        if hasattr(result.read.clat_ns, "percentile"):
+            container.insert_metric(
+                vars(result.read.clat_ns.percentile), IOMetric.read_CLAT_PERCENTILES
+            )
+        if hasattr(result.write.clat_ns, "percentile"):
+            container.insert_metric(
+                vars(result.write.clat_ns.percentile), IOMetric.write_CLAT_PERCENTILES
+            )
+
+    def insert_cache_metric(self, metric, kind: IOMetric):
+        self.cache_metrics.insert_metric(metric, kind)
+
+    def insert_cache_metrics_from_fio_job(self, fio_results):
+        self._insert_metrics_from_fio(self.cache_metrics, fio_results)
+
+    def insert_core_metric(self, metric, kind: IOMetric):
+        self.core_metrics.insert_metric(metric, kind)
+
+    def insert_core_metrics_from_fio_job(self, fio_results):
+        self._insert_metrics_from_fio(self.core_metrics, fio_results)
+
+    def insert_exp_obj_metric(self, metric, kind: IOMetric):
+        self.exp_obj_metrics.insert_metric(metric, kind)
+
+    def insert_exp_obj_metrics_from_fio_job(self, fio_results):
+        self._insert_metrics_from_fio(self.exp_obj_metrics, fio_results)
+
+    @property
+    def is_empty(self):
+        return (
+            self.conf_params.is_empty
+            and self.workload_params.is_empty
+            and self.cache_metrics.is_empty
+            and self.core_metrics.is_empty
+            and self.exp_obj_metrics.is_empty
+        )
+
+    def to_serializable_dict(self):
+        ret = {**self.conf_params.to_serializable_dict()}
+
+        if not self.workload_params.is_empty:
+            ret["workload_params"] = self.workload_params.to_serializable_dict()
+        if not self.cache_metrics.is_empty:
+            ret["cache_io"] = self.cache_metrics.to_serializable_dict()
+        if not self.core_metrics.is_empty:
+            ret["core_io"] = self.core_metrics.to_serializable_dict()
+        if not self.exp_obj_metrics.is_empty:
+            ret["exp_obj_io"] = self.exp_obj_metrics.to_serializable_dict()
+
+        return ret