diff --git a/runtime/near-vm-runner/src/near_vm_runner.rs b/runtime/near-vm-runner/src/near_vm_runner.rs
index 501679f81b0..f8f45c6e7d1 100644
--- a/runtime/near-vm-runner/src/near_vm_runner.rs
+++ b/runtime/near-vm-runner/src/near_vm_runner.rs
@@ -353,17 +353,18 @@ impl NearVM {
         // outcome). And `cache`, being a database, can fail with an `io::Error`.
         let _span = tracing::debug_span!(target: "vm", "NearVM::compile_and_load").entered();
         let key = get_contract_cache_key(code, &self.config);
-        let cache_record = cache
-            .map(|cache| cache.get(&key))
-            .transpose()
-            .map_err(CacheError::ReadError)?
-            .flatten();
+        let cache_record = {
+            let _span = tracing::debug_span!(target:"vm", "NearVM::read_cache_record").entered();
+            cache.map(|cache| cache.get(&key)).transpose().map_err(CacheError::ReadError)?.flatten()
+        };
 
         let stored_artifact: Option<VMArtifact> = match cache_record {
             None => None,
             Some(CompiledContract::CompileModuleError(err)) => return Ok(Err(err)),
             Some(CompiledContract::Code(serialized_module)) => {
-                let _span = tracing::debug_span!(target: "vm", "NearVM::read_from_cache").entered();
+                let _span =
+                    tracing::debug_span!(target: "vm", "NearVM::deserialize_module_from_cache")
+                        .entered();
                 unsafe {
                     // (UN-)SAFETY: the `serialized_module` must have been produced by a prior call to
                     // `serialize`.