diff --git a/packages/builder/src/components/common/bindings/BindingPanel.svelte b/packages/builder/src/components/common/bindings/BindingPanel.svelte
index 1d585e9da9..51a74e059e 100644
--- a/packages/builder/src/components/common/bindings/BindingPanel.svelte
+++ b/packages/builder/src/components/common/bindings/BindingPanel.svelte
@@ -1,5 +1,5 @@
 <script>
-  import { DrawerContent, ActionButton, Icon } from "@budibase/bbui"
+  import { DrawerContent, ActionButton, Icon, Helpers } from "@budibase/bbui"
   import { createEventDispatcher, getContext, onMount } from "svelte"
   import {
     isValid,
@@ -26,6 +26,7 @@
   import formatHighlight from "json-format-highlight"
   import { capitalise } from "helpers"
   import DrawerBindableInput from "components/common/bindings/DrawerBindableInput.svelte"
+  import { Utils } from "@budibase/frontend-core"
 
   const dispatch = createEventDispatcher()
 
@@ -57,6 +58,7 @@
   let targetMode = null
   let expressionResult
   let drawerIsModal
+  let evaluating = false
 
   $: drawerContext?.modal.subscribe(val => (drawerIsModal = val))
   $: editorTabs = allowJS ? [Modes.Text, Modes.JavaScript] : [Modes.Text]
@@ -67,9 +69,21 @@
     mode === Modes.JavaScript ? EditorModes.JS : EditorModes.Handlebars
   $: bindingCompletions = bindingsToCompletions(enrichedBindings, editorMode)
   $: runtimeExpression = readableToRuntimeBinding(enrichedBindings, value)
-  $: expressionResult = processStringSync(runtimeExpression || "", context)
+  $: requestUpdateEvaluation(runtimeExpression, context)
   $: bindingHelpers = new BindingHelpers(getCaretPosition, insertAtPos)
 
+  const updateEvaluation = (expression, context) => {
+    expressionResult = processStringSync(expression || "", context)
+    evaluating = false
+  }
+
+  const debouncedUpdateEvaluation = Utils.debounce(updateEvaluation, 260)
+
+  const requestUpdateEvaluation = (expression, context) => {
+    evaluating = true
+    debouncedUpdateEvaluation(expression, context)
+  }
+
   const getBindingValue = (binding, context) => {
     const hbs = `{{ literal ${binding.runtimeBinding} }}`
     const res = processStringSync(hbs, context)
@@ -103,7 +117,7 @@
     valid = isValid(runtimeExpression)
     if (valid) {
       dispatch("change", val)
-      expressionResult = processStringSync(runtimeExpression || "", context)
+      requestUpdateEvaluation(runtimeExpression, context)
     }
   }
 
@@ -249,7 +263,7 @@
           mode={editorMode}
         />
       {:else if sidePanel === SidePanels.Evaluation}
-        <EvaluationSidePanel {expressionResult} />
+        <EvaluationSidePanel {expressionResult} {evaluating} />
       {/if}
     </div>
   </div>
diff --git a/packages/builder/src/components/common/bindings/EvaluationSidePanel.svelte b/packages/builder/src/components/common/bindings/EvaluationSidePanel.svelte
index 220c661f44..5037a422cc 100644
--- a/packages/builder/src/components/common/bindings/EvaluationSidePanel.svelte
+++ b/packages/builder/src/components/common/bindings/EvaluationSidePanel.svelte
@@ -1,13 +1,16 @@
 <script>
   import formatHighlight from "json-format-highlight"
-  import { Icon, notifications } from "@budibase/bbui"
+  import { Icon, ProgressCircle, notifications } from "@budibase/bbui"
   import { copyToClipboard } from "@budibase/bbui/helpers"
+  import { fade } from "svelte/transition"
 
   export let expressionResult
+  export let evaluating = false
 
   $: error = expressionResult === "Error while executing JS"
   $: empty = expressionResult == null || expressionResult === ""
   $: success = !error && !empty
+  $: highlightedResult = highlight(expressionResult)
 
   const highlight = json => {
     // Attempt to parse and then stringify, in case this is valid JSON
@@ -16,7 +19,6 @@
     } catch (err) {
       // Ignore
     }
-
     return formatHighlight(json, {
       keyColor: "#e06c75",
       numberColor: "#e5c07b",
@@ -42,10 +44,22 @@
     <div class="header-content">
       {#if error}
         <Icon name="Alert" color="var(--spectrum-global-color-red-600)" />
-        <span> Error </span>
+        <div>Error</div>
+        {#if evaluating}
+          <div transition:fade|local={{ duration: 130 }}>
+            <ProgressCircle size="S" />
+          </div>
+        {/if}
+        <span />
         <Icon name="Copy" hoverable on:click={copy} />
       {:else}
-        <span>Preview</span>
+        <div>Preview</div>
+        {#if evaluating}
+          <div transition:fade|local={{ duration: 130 }}>
+            <ProgressCircle size="S" />
+          </div>
+        {/if}
+        <span />
         {#if !empty}
           <Icon name="Copy" hoverable on:click={copy} />
         {/if}
@@ -54,7 +68,7 @@
   </div>
   <div class="body">
     {#if expressionResult}
-      {@html highlight(expressionResult)}
+      {@html highlightedResult}
     {:else}
       Your expression will be evaluated here
     {/if}