diff --git a/feeadjuster/test_feeadjuster.py b/feeadjuster/test_feeadjuster.py
new file mode 100644
index 0000000..252a957
--- /dev/null
+++ b/feeadjuster/test_feeadjuster.py
@@ -0,0 +1,125 @@
+import os
+import random
+import string
+import time
+
+import unittest
+from pyln.client import RpcError
+from pyln.testing.fixtures import *  # noqa: F401,F403
+from pyln.testing.utils import DEVELOPER, wait_for
+
+
+plugin_path = os.path.join(os.path.dirname(__file__), "feeadjuster.py")
+
+
+def test_feeadjuster_starts(node_factory):
+    l1 = node_factory.get_node()
+    # Test dynamically
+    l1.rpc.plugin_start(plugin_path)
+    assert l1.daemon.is_in_log("Plugin feeadjuster initialized.*")
+    l1.rpc.plugin_stop(plugin_path)
+    l1.rpc.plugin_start(plugin_path)
+    assert l1.daemon.is_in_log("Plugin feeadjuster initialized.*")
+    l1.stop()
+    # Then statically
+    l1.daemon.opts["plugin"] = plugin_path
+    l1.start()
+    assert l1.daemon.is_in_log("Plugin feeadjuster initialized.*")
+
+
+def get_chan_fees(l, scid):
+    for half in l.rpc.listchannels(scid)["channels"]:
+        if l.info["id"] == half["source"]:
+            return (half["base_fee_millisatoshi"], half["fee_per_millionth"])
+
+
+def pay(l, ll, amount):
+    label = ''.join(random.choices(string.ascii_letters, k=20))
+    invoice = ll.rpc.invoice(amount, label, "desc")
+    route = l.rpc.getroute(ll.info["id"], amount, riskfactor=0, fuzzpercent=0)
+    l.rpc.sendpay(route["route"], invoice["payment_hash"])
+    l.rpc.waitsendpay(invoice["payment_hash"])
+
+
+def sync_gossip(l, ll, scid):
+    wait_for(lambda: l.rpc.listchannels(scid) == ll.rpc.listchannels(scid))
+
+
+@unittest.skipIf(not DEVELOPER, "Too slow without fast gossip")
+def test_feeadjuster_adjusts(node_factory):
+    """
+    A rather simple network:
+
+            A                   B
+    l1  <========>   l2   <=========>  l3
+
+    l2 will adjust its configuration-set base and proportional fees for
+    channels A and B as l1 and l3 exchange payments.
+    """
+    base_fee = 5000
+    ppm_fee = 300
+    l2_opts = {
+        "fee-base": base_fee,
+        "fee-per-satoshi": ppm_fee,
+        "plugin": plugin_path
+    }
+    l1, l2, l3 = node_factory.line_graph(3, opts=[{}, l2_opts, {}],
+                                         wait_for_announce=True)
+
+    chan_A = l2.rpc.listpeers(l1.info["id"])["peers"][0]["channels"][0]
+    chan_B = l2.rpc.listpeers(l3.info["id"])["peers"][0]["channels"][0]
+    scid_A = chan_A["short_channel_id"]
+    scid_B = chan_B["short_channel_id"]
+    l2_scids = [scid_A, scid_B]
+
+    # Fees don't get updated until there is a forwarding event!
+    assert all([get_chan_fees(l2, scid) == (base_fee, ppm_fee)
+                for scid in l2_scids])
+
+    chan_total = int(chan_A["total_msat"])
+    assert chan_total == int(chan_B["total_msat"])
+
+    # The first payment will trigger fee adjustment, no matter its value
+    amount = int(chan_total * 0.04)
+    pay(l1, l3, amount)
+    wait_for(lambda: all([get_chan_fees(l2, scid) != (base_fee, ppm_fee)
+                          for scid in l2_scids]))
+
+    # Send most of the balance to the other side..
+    amount = int(chan_total * 0.8)
+    pay(l1, l3, amount)
+    wait_for(lambda: l2.daemon.is_in_log("Adjusted fees of {} with a ratio of"
+                                         " 0.2".format(scid_A)) is not None)
+    wait_for(lambda: l2.daemon.is_in_log("Adjusted fees of {} with a ratio of"
+                                         " 3.".format(scid_B)) is not None)
+
+    # ..And back
+    for scid in l2_scids:
+        sync_gossip(l3, l2, scid)
+        sync_gossip(l1, l2, scid)
+    pay(l3, l1, amount)
+    wait_for(lambda: l2.daemon.is_in_log("Adjusted fees of {} with a ratio of"
+                                         " 6.".format(scid_A)) is not None)
+    wait_for(lambda: l2.daemon.is_in_log("Adjusted fees of {} with a ratio of"
+                                         " 0.1".format(scid_B)) is not None)
+
+    # Sending a payment worth 3% of the channel balance should not trigger
+    # fee adjustment
+    for scid in l2_scids:
+        sync_gossip(l3, l2, scid)
+        sync_gossip(l1, l2, scid)
+    fees_before = [get_chan_fees(l2, scid) for scid in [scid_A, scid_B]]
+    amount = int(chan_total * 0.03)
+    pay(l1, l3, amount)
+    for scid in l2_scids:
+        sync_gossip(l3, l2, scid)
+        sync_gossip(l1, l2, scid)
+    assert fees_before == [get_chan_fees(l2, scid) for scid in l2_scids]
+
+    # But sending another 3%-worth payment does trigger adjustment (total sent
+    # since last adjustment is >5%)
+    pay(l1, l3, amount)
+    wait_for(lambda: l2.daemon.is_in_log("Adjusted fees of {} with a ratio of"
+                                         " 4.".format(scid_A)) is not None)
+    wait_for(lambda: l2.daemon.is_in_log("Adjusted fees of {} with a ratio of"
+                                         " 0.2".format(scid_B)) is not None)