diff --git a/.changeset/hungry-dots-fry.md b/.changeset/hungry-dots-fry.md
new file mode 100644
index 0000000000..5c2328f6f9
--- /dev/null
+++ b/.changeset/hungry-dots-fry.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+chore: more signal perf tuning
diff --git a/packages/svelte/src/internal/client/render.js b/packages/svelte/src/internal/client/render.js
index c741053724..1e46d79e78 100644
--- a/packages/svelte/src/internal/client/render.js
+++ b/packages/svelte/src/internal/client/render.js
@@ -624,7 +624,7 @@ export function bind_playback_rate(media, get_value, update) {
 	// Needs to happen after the element is inserted into the dom, else playback will be set back to 1 by the browser.
 	// For hydration we could do it immediately but the additional code is not worth the lost microtask.
 
-	/** @type {import('./types.js').Signal | undefined} */
+	/** @type {import('./types.js').ComputationSignal | undefined} */
 	let render;
 	let destroyed = false;
 	const effect = managed_effect(() => {
@@ -2125,7 +2125,7 @@ export function destroy_each_item_block(
 		if (!controlled && dom !== null) {
 			remove(dom);
 		}
-		destroy_signal(/** @type {import('./types.js').Signal} */ (block.effect));
+		destroy_signal(/** @type {import('./types.js').EffectSignal} */ (block.effect));
 	}
 }
 
@@ -3163,7 +3163,7 @@ export function mount(component, options) {
 			if (hydration_fragment !== null) {
 				remove(hydration_fragment);
 			}
-			destroy_signal(/** @type {import('./types.js').Signal} */ (block.effect));
+			destroy_signal(/** @type {import('./types.js').EffectSignal} */ (block.effect));
 		}
 	];
 }
diff --git a/packages/svelte/src/internal/client/runtime.js b/packages/svelte/src/internal/client/runtime.js
index 7e31736632..2207ac9507 100644
--- a/packages/svelte/src/internal/client/runtime.js
+++ b/packages/svelte/src/internal/client/runtime.js
@@ -46,7 +46,7 @@ let current_queued_tasks = [];
 let flush_count = 0;
 // Handle signal reactivity tree dependencies and consumer
 
-/** @type {null | import('./types.js').Signal} */
+/** @type {null | import('./types.js').ComputationSignal} */
 let current_consumer = null;
 
 /** @type {null | import('./types.js').EffectSignal} */
@@ -133,14 +133,31 @@ function default_equals(a, b) {
 	return a === b;
 }
 
+/**
+ * @template V
+ * @param {import('./types.js').SignalFlags} flags
+ * @param {V} value
+ * @returns {import('./types.js').SourceSignal<V>}
+ */
+function create_source_signal(flags, value) {
+	return {
+		consumers: null,
+		// We can remove this if we get rid of beforeUpdate/afterUpdate
+		context: null,
+		equals: null,
+		flags,
+		value
+	};
+}
+
 /**
  * @template V
  * @param {import('./types.js').SignalFlags} flags
  * @param {V} value
  * @param {import('./types.js').Block | null} block
- * @returns {import('./types.js').Signal<V>}
+ * @returns {import('./types.js').ComputationSignal<V>}
  */
-function create_signal_object(flags, value, block) {
+function create_computation_signal(flags, value, block) {
 	return {
 		block,
 		consumers: null,
@@ -156,8 +173,8 @@ function create_signal_object(flags, value, block) {
 }
 
 /**
- * @param {import('./types.js').Signal} target_signal
- * @param {import('./types.js').Signal} ref_signal
+ * @param {import('./types.js').ComputationSignal} target_signal
+ * @param {import('./types.js').ComputationSignal} ref_signal
  * @returns {void}
  */
 function push_reference(target_signal, ref_signal) {
@@ -180,7 +197,7 @@ function is_signal_dirty(signal) {
 		return true;
 	}
 	if ((flags & MAYBE_DIRTY) !== 0) {
-		const dependencies = signal.dependencies;
+		const dependencies = /** @type {import('./types.js').ComputationSignal<V>} **/ (signal).dependencies;
 		if (dependencies !== null) {
 			const length = dependencies.length;
 			let i;
@@ -195,7 +212,7 @@ function is_signal_dirty(signal) {
 				// The flags can be marked as dirty from the above is_signal_dirty call.
 				if ((dependency.flags & DIRTY) !== 0) {
 					if ((dep_flags & DERIVED) !== 0) {
-						update_derived(dependency, true);
+						update_derived(/** @type {import('./types.js').ComputationSignal<V>} **/ (dependency), true);
 						// Might have been mutated from above get.
 						if ((signal.flags & DIRTY) !== 0) {
 							return true;
@@ -212,7 +229,7 @@ function is_signal_dirty(signal) {
 
 /**
  * @template V
- * @param {import('./types.js').Signal<V>} signal
+ * @param {import('./types.js').ComputationSignal<V>} signal
  * @returns {V}
  */
 function execute_signal_fn(signal) {
@@ -247,7 +264,7 @@ function execute_signal_fn(signal) {
 		} else {
 			res = /** @type {() => V} */ (init)();
 		}
-		let dependencies = signal.dependencies;
+		let dependencies = /** @type {import('./types.js').Signal<unknown>[]} **/ (signal.dependencies);
 
 		if (current_dependencies !== null) {
 			let i;
@@ -259,7 +276,7 @@ function execute_signal_fn(signal) {
 					dependencies[current_dependencies_index + i] = current_dependencies[i];
 				}
 			} else {
-				signal.dependencies = dependencies = current_dependencies;
+				signal.dependencies = /** @type {import('./types.js').Signal<V>[]} **/ (dependencies = current_dependencies);
 			}
 
 			if (!current_skip_consumer) {
@@ -291,7 +308,7 @@ function execute_signal_fn(signal) {
 
 /**
  * @template V
- * @param {import('./types.js').Signal<V>} signal
+ * @param {import('./types.js').ComputationSignal<V>} signal
  * @param {number} start_index
  * @param {boolean} remove_unowned
  * @returns {void}
@@ -316,7 +333,11 @@ function remove_consumer(signal, start_index, remove_unowned) {
 				}
 			}
 			if (remove_unowned && consumers_length === 0 && (dependency.flags & UNOWNED) !== 0) {
-				remove_consumer(dependency, 0, true);
+				remove_consumer(
+					/** @type {import('./types.js').ComputationSignal<V>} **/ (dependency),
+					0,
+					true
+				);
 			}
 		}
 	}
@@ -324,7 +345,7 @@ function remove_consumer(signal, start_index, remove_unowned) {
 
 /**
  * @template V
- * @param {import('./types.js').Signal<V>} signal
+ * @param {import('./types.js').ComputationSignal<V>} signal
  * @returns {void}
  */
 function destroy_references(signal) {
@@ -575,7 +596,7 @@ export async function tick() {
 
 /**
  * @template V
- * @param {import('./types.js').Signal<V>} signal
+ * @param {import('./types.js').ComputationSignal<V>} signal
  * @param {boolean} force_schedule
  * @returns {void}
  */
@@ -615,10 +636,11 @@ export function store_get(store, store_name, stores) {
 			value: source(UNINITIALIZED),
 			unsubscribe: EMPTY_FUNC
 		};
-		push_destroy_fn(entry.value, () => {
-			/** @type {import('./types.js').StoreReferencesContainer['']} */ (entry).last_value =
-				/** @type {import('./types.js').StoreReferencesContainer['']} */ (entry).value.value;
-		});
+		// TODO: can we remove this code? it was refactored out when we split up source/comptued signals
+		// push_destroy_fn(entry.value, () => {
+		// 	/** @type {import('./types.js').StoreReferencesContainer['']} */ (entry).last_value =
+		// 		/** @type {import('./types.js').StoreReferencesContainer['']} */ (entry).value.value;
+		// });
 		stores[store_name] = entry;
 	}
 
@@ -676,7 +698,8 @@ export function unsubscribe_on_destroy(stores) {
 		for (store_name in stores) {
 			const ref = stores[store_name];
 			ref.unsubscribe();
-			destroy_signal(ref.value);
+			// TODO: can we remove this code? it was refactored out when we split up source/comptued signals
+			// destroy_signal(ref.value);
 		}
 	});
 }
@@ -740,7 +763,7 @@ export function get(signal) {
 	}
 
 	if ((flags & DERIVED) !== 0 && is_signal_dirty(signal)) {
-		update_derived(signal, false);
+		update_derived(/** @type {import('./types.js').ComputationSignal<V>} **/ (signal), false);
 	}
 	return signal.value;
 }
@@ -845,7 +868,7 @@ export function mutate_store(store, expression, new_value) {
 }
 
 /**
- * @param {import('./types.js').Signal} signal
+ * @param {import('./types.js').ComputationSignal} signal
  * @param {boolean} inert
  * @returns {void}
  */
@@ -969,12 +992,13 @@ export function set_signal_value(signal, value) {
 
 /**
  * @template V
- * @param {import('./types.js').Signal<V>} signal
+ * @param {import('./types.js').ComputationSignal<V>} signal
  * @returns {void}
  */
 export function destroy_signal(signal) {
 	const teardown = /** @type {null | (() => void)} */ (signal.value);
 	const destroy = signal.destroy;
+	const flags = signal.flags;
 	destroy_references(signal);
 	remove_consumer(signal, 0, true);
 	signal.init = null;
@@ -1005,14 +1029,14 @@ export function destroy_signal(signal) {
  * @template V
  * @param {() => V} init
  * @param {import('./types.js').EqualsFunctions} [equals]
- * @returns {import('./types.js').Signal<V>}
+ * @returns {import('./types.js').ComputationSignal<V>}
  */
 /*#__NO_SIDE_EFFECTS__*/
 export function derived(init, equals) {
 	const is_unowned = current_effect === null;
 	const flags = is_unowned ? DERIVED | UNOWNED : DERIVED;
-	const signal = /** @type {import('./types.js').Signal<V>} */ (
-		create_signal_object(flags | CLEAN, UNINITIALIZED, current_block)
+	const signal = /** @type {import('./types.js').ComputationSignal<V>} */ (
+		create_computation_signal(flags | CLEAN, UNINITIALIZED, current_block)
 	);
 	signal.init = init;
 	signal.context = current_component_context;
@@ -1027,11 +1051,11 @@ export function derived(init, equals) {
  * @template V
  * @param {V} initial_value
  * @param {import('./types.js').EqualsFunctions<V>} [equals]
- * @returns {import('./types.js').Signal<V>}
+ * @returns {import('./types.js').SourceSignal<V>}
  */
 /*#__NO_SIDE_EFFECTS__*/
 export function source(initial_value, equals) {
-	const source = create_signal_object(SOURCE | CLEAN, initial_value, null);
+	const source = create_source_signal(SOURCE | CLEAN, initial_value);
 	source.context = current_component_context;
 	source.equals = get_equals_method(equals);
 	return source;
@@ -1079,7 +1103,7 @@ export function untrack(fn) {
  * @returns {import('./types.js').EffectSignal}
  */
 function internal_create_effect(type, init, sync, block, schedule) {
-	const signal = create_signal_object(type | DIRTY, null, block);
+	const signal = create_computation_signal(type | DIRTY, null, block);
 	signal.init = init;
 	signal.context = current_component_context;
 	if (schedule) {
@@ -1210,7 +1234,7 @@ export function managed_render_effect(init, block = current_block, sync = true)
 
 /**
  * @template V
- * @param {import('./types.js').Signal<V>} signal
+ * @param {import('./types.js').ComputationSignal<V>} signal
  * @param {() => void} destroy_fn
  * @returns {void}
  */
diff --git a/packages/svelte/src/internal/client/transitions.js b/packages/svelte/src/internal/client/transitions.js
index b07db93359..357e287d4e 100644
--- a/packages/svelte/src/internal/client/transitions.js
+++ b/packages/svelte/src/internal/client/transitions.js
@@ -253,7 +253,7 @@ function handle_raf(time) {
  * @param {HTMLElement} dom
  * @param {() => import('./types.js').TransitionPayload} init
  * @param {'in' | 'out' | 'both' | 'key'} direction
- * @param {import('./types.js').Signal<unknown>} effect
+ * @param {import('./types.js').EffectSignal} effect
  * @returns {import('./types.js').Transition}
  */
 function create_transition(dom, init, direction, effect) {
diff --git a/packages/svelte/src/internal/client/types.d.ts b/packages/svelte/src/internal/client/types.d.ts
index 5bc4ce730b..fa9806d781 100644
--- a/packages/svelte/src/internal/client/types.d.ts
+++ b/packages/svelte/src/internal/client/types.d.ts
@@ -46,15 +46,28 @@ export type ComponentContext = {
 	};
 };
 
-export type Signal<V = unknown> = {
+export type SourceSignal<V = unknown> = {
+	/** Signals that read from the current signal */
+	consumers: null | ComputationSignal[];
+	/** The associated component if this signal is an effect/computed */
+	context: null | ComponentContext;
+	/** For value equality */
+	equals: null | EqualsFunctions;
+	/** The types that the signal represent, as a bitwise value */
+	flags: SignalFlags;
+	/** The latest value for this signal, doubles as the teardown for effects */
+	value: V;
+};
+
+export type ComputationSignal<V = unknown> = {
 	/** The block associated with this effect/computed */
 	block: null | Block;
 	/** Signals that read from the current signal */
-	consumers: null | Signal[];
+	consumers: null | ComputationSignal[];
 	/** The associated component if this signal is an effect/computed */
 	context: null | ComponentContext;
 	/** Signals that this signal reads from */
-	dependencies: null | Signal[];
+	dependencies: null | Signal<V>[];
 	/** Thing(s) that need destroying */
 	destroy: null | (() => void) | Array<() => void>;
 	/** For value equality */
@@ -64,12 +77,14 @@ export type Signal<V = unknown> = {
 	/** The function that we invoke for effects and computeds */
 	init: null | (() => V) | (() => void | (() => void)) | ((b: Block) => void | (() => void));
 	/** Anything that a signal owns */
-	references: null | Signal[];
+	references: null | ComputationSignal[];
 	/** The latest value for this signal, doubles as the teardown for effects */
 	value: V;
 };
 
-export type EffectSignal = Signal<null | (() => void)>;
+export type Signal<V = unknown> = SourceSignal<V> | ComputationSignal<V>;
+
+export type EffectSignal = ComputationSignal<null | (() => void)>;
 
 export type MaybeSignal<T = unknown> = T | Signal<T>;
 
@@ -92,7 +107,7 @@ export type BlockType =
 export type TemplateNode = Text | Element | Comment;
 
 export type Transition = {
-	effect: Signal;
+	effect: EffectSignal;
 	payload: null | TransitionPayload;
 	init: (from?: DOMRect) => TransitionPayload;
 	finished: (fn: () => void) => void;
@@ -106,7 +121,7 @@ export type Transition = {
 
 export type RootBlock = {
 	dom: null | TemplateNode | Array<TemplateNode>;
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	container: Node;
 	intro: boolean;
 	parent: null;
@@ -117,7 +132,7 @@ export type RootBlock = {
 export type IfBlock = {
 	current: boolean;
 	dom: null | TemplateNode | Array<TemplateNode>;
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	parent: Block;
 	transition: null | ((transition: Transition) => void);
 	type: typeof IF_BLOCK;
@@ -125,7 +140,7 @@ export type IfBlock = {
 
 export type KeyBlock = {
 	dom: null | TemplateNode | Array<TemplateNode>;
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	parent: Block;
 	transition: null | ((transition: Transition) => void);
 	type: typeof KEY_BLOCK;
@@ -133,7 +148,7 @@ export type KeyBlock = {
 
 export type HeadBlock = {
 	dom: null | TemplateNode | Array<TemplateNode>;
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	parent: Block;
 	transition: null | ((transition: Transition) => void);
 	type: typeof HEAD_BLOCK;
@@ -141,7 +156,7 @@ export type HeadBlock = {
 
 export type DynamicElementBlock = {
 	dom: null | TemplateNode | Array<TemplateNode>;
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	parent: Block;
 	transition: null | ((transition: Transition) => void);
 	type: typeof DYNAMIC_ELEMENT_BLOCK;
@@ -149,7 +164,7 @@ export type DynamicElementBlock = {
 
 export type DynamicComponentBlock = {
 	dom: null | TemplateNode | Array<TemplateNode>;
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	parent: Block;
 	transition: null | ((transition: Transition) => void);
 	type: typeof DYNAMIC_COMPONENT_BLOCK;
@@ -157,7 +172,7 @@ export type DynamicComponentBlock = {
 
 export type AwaitBlock = {
 	dom: null | TemplateNode | Array<TemplateNode>;
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	parent: Block;
 	pending: boolean;
 	transition: null | ((transition: Transition) => void);
@@ -169,7 +184,7 @@ export type EachBlock = {
 	flags: number;
 	dom: null | TemplateNode | Array<TemplateNode>;
 	items: EachItemBlock[];
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	parent: Block;
 	transition: null | ((transition: Transition) => void);
 	transitions: Array<EachItemBlock>;
@@ -178,7 +193,7 @@ export type EachBlock = {
 
 export type EachItemBlock = {
 	dom: null | TemplateNode | Array<TemplateNode>;
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	item: any | Signal<any>;
 	index: number | Signal<number>;
 	key: unknown;
@@ -191,7 +206,7 @@ export type EachItemBlock = {
 export type SnippetBlock = {
 	dom: null | TemplateNode | Array<TemplateNode>;
 	parent: Block;
-	effect: null | Signal;
+	effect: null | ComputationSignal;
 	transition: null;
 	type: typeof SNIPPET_BLOCK;
 };