A system and method for measuring power supply variations are described. A functional unit includes one or more power supply monitors capable of measuring power supply variations. The power supply monitors forego use of a clock signal from clock generating circuitry and forego use of a reference voltage from a reference power supply. The power supply monitors use an output of a source ring oscillator as a clock signal for the sequential elements of a counter. The counter measures a number of revolutions of a measuring ring oscillator within a period of the output of the source oscillator. The revolutions of the measuring ring oscillator are associated with a number of rising edges and falling edges of the output signal of the measuring ring oscillator. An encoder converts the output of the sequential elements to a binary value, and sends the binary value to an external age tracking unit.