diff --git a/Cargo.toml b/Cargo.toml
index 37374f7b..d4a5ad70 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -61,7 +61,7 @@ crossbeam-deque = { version = "0.7.3", optional = true }
 crossbeam-utils = { version = "0.7.2", optional = true }
 futures-core = { version = "0.3.4", optional = true, default-features = false }
 futures-io = { version = "0.3.4", optional = true }
-futures-timer = { version = "2.0.2", optional = true }
+futures-timer = { version = "3.0.2", optional = true }
 kv-log-macro = { version = "1.0.4", optional = true }
 log = { version = "0.4.8", features = ["kv_unstable"], optional = true }
 memchr = { version = "2.3.3", optional = true }
diff --git a/src/stream/interval.rs b/src/stream/interval.rs
index 7a0c1740..be94b06c 100644
--- a/src/stream/interval.rs
+++ b/src/stream/interval.rs
@@ -1,6 +1,6 @@
 use std::pin::Pin;
 use std::task::{Context, Poll};
-use std::time::{Duration, Instant};
+use std::time::Duration;
 
 use crate::future::Future;
 use crate::stream::Stream;
@@ -71,125 +71,8 @@ impl Stream for Interval {
         if Pin::new(&mut self.delay).poll(cx).is_pending() {
             return Poll::Pending;
         }
-        let when = Instant::now();
-        let next = next_interval(when, Instant::now(), self.interval);
-        self.delay.reset(next);
+        let interval = self.interval;
+        self.delay.reset(interval);
         Poll::Ready(Some(()))
     }
 }
-
-/// Converts Duration object to raw nanoseconds if possible
-///
-/// This is useful to divide intervals.
-///
-/// While technically for large duration it's impossible to represent any
-/// duration as nanoseconds, the largest duration we can represent is about
-/// 427_000 years. Large enough for any interval we would use or calculate in
-/// async-std.
-fn duration_to_nanos(dur: Duration) -> Option<u64> {
-    dur.as_secs()
-        .checked_mul(1_000_000_000)
-        .and_then(|v| v.checked_add(u64::from(dur.subsec_nanos())))
-}
-
-fn next_interval(prev: Instant, now: Instant, interval: Duration) -> Instant {
-    let new = prev + interval;
-    if new > now {
-        return new;
-    }
-
-    let spent_ns = duration_to_nanos(now.duration_since(prev)).expect("interval should be expired");
-    let interval_ns =
-        duration_to_nanos(interval).expect("interval is less that 427 thousand years");
-    let mult = spent_ns / interval_ns + 1;
-    assert!(
-        mult < (1 << 32),
-        "can't skip more than 4 billion intervals of {:?} \
-         (trying to skip {})",
-        interval,
-        mult
-    );
-    prev + interval * (mult as u32)
-}
-
-#[cfg(test)]
-mod test {
-    use super::next_interval;
-    use std::cmp::Ordering;
-    use std::time::{Duration, Instant};
-
-    struct Timeline(Instant);
-
-    impl Timeline {
-        fn new() -> Timeline {
-            Timeline(Instant::now())
-        }
-        fn at(&self, millis: u64) -> Instant {
-            self.0 + Duration::from_millis(millis)
-        }
-        fn at_ns(&self, sec: u64, nanos: u32) -> Instant {
-            self.0 + Duration::new(sec, nanos)
-        }
-    }
-
-    fn dur(millis: u64) -> Duration {
-        Duration::from_millis(millis)
-    }
-
-    // The math around Instant/Duration isn't 100% precise due to rounding
-    // errors, see #249 for more info
-    fn almost_eq(a: Instant, b: Instant) -> bool {
-        match a.cmp(&b) {
-            Ordering::Equal => true,
-            Ordering::Greater => a - b < Duration::from_millis(1),
-            Ordering::Less => b - a < Duration::from_millis(1),
-        }
-    }
-
-    #[test]
-    fn norm_next() {
-        let tm = Timeline::new();
-        assert!(almost_eq(
-            next_interval(tm.at(1), tm.at(2), dur(10)),
-            tm.at(11)
-        ));
-        assert!(almost_eq(
-            next_interval(tm.at(7777), tm.at(7788), dur(100)),
-            tm.at(7877)
-        ));
-        assert!(almost_eq(
-            next_interval(tm.at(1), tm.at(1000), dur(2100)),
-            tm.at(2101)
-        ));
-    }
-
-    #[test]
-    fn fast_forward() {
-        let tm = Timeline::new();
-        assert!(almost_eq(
-            next_interval(tm.at(1), tm.at(1000), dur(10)),
-            tm.at(1001)
-        ));
-        assert!(almost_eq(
-            next_interval(tm.at(7777), tm.at(8888), dur(100)),
-            tm.at(8977)
-        ));
-        assert!(almost_eq(
-            next_interval(tm.at(1), tm.at(10000), dur(2100)),
-            tm.at(10501)
-        ));
-    }
-
-    /// TODO: this test actually should be successful, but since we can't
-    ///       multiply Duration on anything larger than u32 easily we decided
-    ///       to allow it to fail for now
-    #[test]
-    #[should_panic(expected = "can't skip more than 4 billion intervals")]
-    fn large_skip() {
-        let tm = Timeline::new();
-        assert_eq!(
-            next_interval(tm.at_ns(0, 1), tm.at_ns(25, 0), Duration::new(0, 2)),
-            tm.at_ns(25, 1)
-        );
-    }
-}
diff --git a/src/stream/stream/throttle.rs b/src/stream/stream/throttle.rs
index ce8c13b3..554ca306 100644
--- a/src/stream/stream/throttle.rs
+++ b/src/stream/stream/throttle.rs
@@ -1,6 +1,6 @@
 use std::future::Future;
 use std::pin::Pin;
-use std::time::{Duration, Instant};
+use std::time::Duration;
 
 use futures_timer::Delay;
 use pin_project_lite::pin_project;
@@ -59,7 +59,7 @@ impl<S: Stream> Stream for Throttle<S> {
             Poll::Ready(None) => Poll::Ready(None),
             Poll::Ready(Some(v)) => {
                 *this.blocked = true;
-                this.delay.reset(Instant::now() + *this.duration);
+                this.delay.reset(*this.duration);
                 Poll::Ready(Some(v))
             }
         }