A method of calibrating analog transceiver delay includes generating a signal in a portion of a first device to arrive at a first known time at analog transmit circuitry of the first device, transmitting the signal from the analog transmit circuitry of the first device, receiving the transmitted signal, and deriving transceiver delay from the received signal. The transmitting may be performed via a closed loop to analog receiver circuitry of the first device, detecting the signal at a second known time at an output of the analog receiver circuitry of the first device. The transmitting also may be performed wirelessly to receiver circuitry of a second device placed at a predetermined distance from the first device, detecting the received signal at a second known time at the receiver circuitry of the second device. Transceiver delay can be determined from transit time and apportioned between transmit delay and receive delay.