In dynamic LED lighting, the perceived speed of changing color is an important concept; however, there exists no suitable temporal color space. In a psychophysical experiment, we compared the perceived speed of periodic temporal transitions in CIELAB chroma and hue directions around five base colors [the five Munsell hues: 5R (red), 5Y (yellow), 5G (green), 5B (blue), and 5P (purple)]. The experiment was conducted in a light laboratory, with the main illumination stimulus subtending a visual angle of 101×77 deg. In sequential paired presentations, observers were asked to identify which transition appeared faster, and points of subjective equality between transitions were computed. The speed of transitions was defined in CIELAB ΔEab*/s, which was shown to be temporally non-uniform; uniformity was improved using a modified color space based on speeds in the DKL space of Derrington et al. [J. Physiol.357(1), 241 (1984)].