diff --git a/Source/MDFastBinding/MDFastBinding.Build.cs b/Source/MDFastBinding/MDFastBinding.Build.cs
index aaf0258..b2cfd28 100644
--- a/Source/MDFastBinding/MDFastBinding.Build.cs
+++ b/Source/MDFastBinding/MDFastBinding.Build.cs
@@ -27,5 +27,7 @@ public MDFastBinding(ReadOnlyTargetRules Target) : base(Target)
 				"SlateCore"
 			}
 		);
+		
+		PrivateDefinitions.Add("MDFASTBINDING_CONDENSED_PROFILING=0");
 	}
 }
diff --git a/Source/MDFastBinding/Private/BindingDestinations/MDFastBindingDestinationBase.cpp b/Source/MDFastBinding/Private/BindingDestinations/MDFastBindingDestinationBase.cpp
index b9a0be7..f26f06d 100644
--- a/Source/MDFastBinding/Private/BindingDestinations/MDFastBindingDestinationBase.cpp
+++ b/Source/MDFastBinding/Private/BindingDestinations/MDFastBindingDestinationBase.cpp
@@ -2,11 +2,17 @@
 
 #include "MDFastBindingInstance.h"
 #include "BindingValues/MDFastBindingValueBase.h"
+#include "Utils/MDFastBindingTraceHelpers.h"
 
 void UMDFastBindingDestinationBase::InitializeDestination(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetName());
+#else
 	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
 	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetName());
+#endif
+	
 	InitializeDestination_Internal(SourceObject);
 
 	for (const FMDFastBindingItem& BindingItem : BindingItems)
@@ -20,8 +26,13 @@ void UMDFastBindingDestinationBase::InitializeDestination(UObject* SourceObject)
 
 void UMDFastBindingDestinationBase::UpdateDestination(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetName());
+#else
 	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
 	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetName());
+#endif
+	
 	if (CheckCachedNeedsUpdate())
 	{
 		UpdateDestination_Internal(SourceObject);
@@ -30,8 +41,13 @@ void UMDFastBindingDestinationBase::UpdateDestination(UObject* SourceObject)
 
 void UMDFastBindingDestinationBase::TerminateDestination(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetName());
+#else
 	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
 	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetName());
+#endif
+	
 	TerminateDestination_Internal(SourceObject);
 
 	for (const FMDFastBindingItem& BindingItem : BindingItems)
diff --git a/Source/MDFastBinding/Private/BindingDestinations/MDFastBindingDestination_Function.cpp b/Source/MDFastBinding/Private/BindingDestinations/MDFastBindingDestination_Function.cpp
index 97ad98a..030591e 100644
--- a/Source/MDFastBinding/Private/BindingDestinations/MDFastBindingDestination_Function.cpp
+++ b/Source/MDFastBinding/Private/BindingDestinations/MDFastBindingDestination_Function.cpp
@@ -1,6 +1,7 @@
 #include "BindingDestinations/MDFastBindingDestination_Function.h"
 
 #include "MDFastBinding.h"
+#include "Utils/MDFastBindingTraceHelpers.h"
 
 #define LOCTEXT_NAMESPACE "MDFastBindingDestination_Function"
 
@@ -18,6 +19,13 @@ void UMDFastBindingDestination_Function::InitializeDestination_Internal(UObject*
 
 void UMDFastBindingDestination_Function::UpdateDestination_Internal(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*Function.GetFunctionName().ToString());
+#else
+	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
+	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*Function.GetFunctionName().ToString());
+#endif
+	
 	bNeedsUpdate = false;
 	Function.CallFunction(SourceObject);
 }
diff --git a/Source/MDFastBinding/Private/BindingValues/MDFastBindingValueBase.cpp b/Source/MDFastBinding/Private/BindingValues/MDFastBindingValueBase.cpp
index 3c7c429..b4a8c3a 100644
--- a/Source/MDFastBinding/Private/BindingValues/MDFastBindingValueBase.cpp
+++ b/Source/MDFastBinding/Private/BindingValues/MDFastBindingValueBase.cpp
@@ -41,8 +41,12 @@ void UMDFastBindingValueBase::TerminateValue(UObject* SourceObject)
 
 TTuple<const FProperty*, void*> UMDFastBindingValueBase::GetValue(UObject* SourceObject, bool& OutDidUpdate)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetName());
+#else
 	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
 	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetName());
+#endif
 
 	OutDidUpdate = false;
 
diff --git a/Source/MDFastBinding/Private/BindingValues/MDFastBindingValue_Function.cpp b/Source/MDFastBinding/Private/BindingValues/MDFastBindingValue_Function.cpp
index a39d753..eb1e7b4 100644
--- a/Source/MDFastBinding/Private/BindingValues/MDFastBindingValue_Function.cpp
+++ b/Source/MDFastBinding/Private/BindingValues/MDFastBindingValue_Function.cpp
@@ -2,6 +2,7 @@
 
 #include "MDFastBinding.h"
 #include "BindingDestinations/MDFastBindingDestinationBase.h"
+#include "Utils/MDFastBindingTraceHelpers.h"
 
 #define LOCTEXT_NAMESPACE "MDFastBindingDestination_Function"
 
@@ -18,6 +19,13 @@ UMDFastBindingValue_Function::UMDFastBindingValue_Function()
 
 TTuple<const FProperty*, void*> UMDFastBindingValue_Function::GetValue_Internal(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*Function.GetFunctionName().ToString());
+#else
+	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
+	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*Function.GetFunctionName().ToString());
+#endif
+	
 	bNeedsUpdate = false;
 	return Function.CallFunction(SourceObject);
 }
diff --git a/Source/MDFastBinding/Private/MDFastBindingContainer.cpp b/Source/MDFastBinding/Private/MDFastBindingContainer.cpp
index 8f762c7..38b7ee9 100644
--- a/Source/MDFastBinding/Private/MDFastBindingContainer.cpp
+++ b/Source/MDFastBinding/Private/MDFastBindingContainer.cpp
@@ -1,13 +1,22 @@
 #include "MDFastBindingContainer.h"
+
 #include "MDFastBindingInstance.h"
 #include "MDFastBindingLog.h"
 #include "MDFastBindingOwnerInterface.h"
 #include "BindingDestinations/MDFastBindingDestinationBase.h"
 #include "Blueprint/UserWidget.h"
+#include "Utils/MDFastBindingTraceHelpers.h"
 #include "WidgetExtension/MDFastBindingWidgetExtension.h"
 
 void UMDFastBindingContainer::InitializeBindings(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetNameSafe(SourceObject));
+#else
+	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
+	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetNameSafe(SourceObject));
+#endif
+	
 	if (const UUserWidget* OuterWidget = Cast<UUserWidget>(GetOuter()))
 	{
 		UE_CLOG(!OuterWidget->IsDesignTime(), LogMDFastBinding, Warning, TEXT("[%s] uses a deprecated property-based MDFastBindingContainer, resave it to automatically upgrade it to a widget extension"), *GetNameSafe(OuterWidget->GetClass()));
@@ -27,8 +36,12 @@ void UMDFastBindingContainer::InitializeBindings(UObject* SourceObject)
 
 void UMDFastBindingContainer::UpdateBindings(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetNameSafe(SourceObject));
+#else
 	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
 	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetNameSafe(SourceObject));
+#endif
 
 	for (TConstSetBitIterator<> It(TickingBindings); It; ++It)
 	{
@@ -38,6 +51,13 @@ void UMDFastBindingContainer::UpdateBindings(UObject* SourceObject)
 
 void UMDFastBindingContainer::TerminateBindings(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetNameSafe(SourceObject));
+#else
+	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
+	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetNameSafe(SourceObject));
+#endif
+	
 	for (UMDFastBindingInstance* Binding : Bindings)
 	{
 		Binding->TerminateBinding(SourceObject);
diff --git a/Source/MDFastBinding/Private/MDFastBindingInstance.cpp b/Source/MDFastBinding/Private/MDFastBindingInstance.cpp
index 36b9869..c443110 100644
--- a/Source/MDFastBinding/Private/MDFastBindingInstance.cpp
+++ b/Source/MDFastBinding/Private/MDFastBindingInstance.cpp
@@ -3,6 +3,7 @@
 #include "MDFastBindingContainer.h"
 #include "BindingDestinations/MDFastBindingDestinationBase.h"
 #include "BindingValues/MDFastBindingValueBase.h"
+#include "Utils/MDFastBindingTraceHelpers.h"
 
 #if WITH_EDITOR
 #include "UObject/ObjectSaveContext.h"
@@ -39,6 +40,13 @@ UMDFastBindingContainer* UMDFastBindingInstance::GetBindingContainer() const
 
 void UMDFastBindingInstance::InitializeBinding(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING && WITH_EDITORONLY_DATA
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetBindingDisplayName().ToString());
+#else
+	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
+	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetBindingDisplayName().ToString());
+#endif
+	
 	if (BindingDestination != nullptr)
 	{
 		BindingDestination->InitializeDestination(SourceObject);
@@ -47,6 +55,13 @@ void UMDFastBindingInstance::InitializeBinding(UObject* SourceObject)
 
 bool UMDFastBindingInstance::UpdateBinding(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING && WITH_EDITORONLY_DATA
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetBindingDisplayName().ToString());
+#else
+	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
+	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetBindingDisplayName().ToString());
+#endif
+	
 	if (BindingDestination != nullptr)
 	{
 		BindingDestination->UpdateDestination(SourceObject);
@@ -58,6 +73,13 @@ bool UMDFastBindingInstance::UpdateBinding(UObject* SourceObject)
 
 void UMDFastBindingInstance::TerminateBinding(UObject* SourceObject)
 {
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING && WITH_EDITORONLY_DATA
+	MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(*GetBindingDisplayName().ToString());
+#else
+	TRACE_CPUPROFILER_EVENT_SCOPE_STR(__FUNCTION__);
+	TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*GetBindingDisplayName().ToString());
+#endif
+	
 	if (BindingDestination != nullptr)
 	{
 		BindingDestination->TerminateDestination(SourceObject);
diff --git a/Source/MDFastBinding/Public/Utils/MDFastBindingTraceHelpers.h b/Source/MDFastBinding/Public/Utils/MDFastBindingTraceHelpers.h
new file mode 100644
index 0000000..0b2ab6c
--- /dev/null
+++ b/Source/MDFastBinding/Public/Utils/MDFastBindingTraceHelpers.h
@@ -0,0 +1,12 @@
+// 1047 Custom - Enhance MDFastBinding profiling readability
+#pragma once
+
+#include "ProfilingDebugging/CpuProfilerTrace.h"
+
+#if defined(MDFASTBINDING_CONDENSED_PROFILING) && MDFASTBINDING_CONDENSED_PROFILING
+
+// Trace a scoped cpu timing event providing the current function along with specified text appended to it
+// Note: This macro has a larger overhead compared to TRACE_CPUPROFILER_EVENT_SCOPE_TEXT()
+#define MD_TRACE_CPUPROFILER_EVENT_SCOPE_FUNCTION_TEXT(Text) TRACE_CPUPROFILER_EVENT_SCOPE_TEXT(*FString::Printf(TEXT("%s - %s"), ANSI_TO_TCHAR(__FUNCTION__), Text));
+
+#endif
\ No newline at end of file