Circuitry, systems, and methods for measuring the fly height of a read/write head in a magnetic data storage system. The circuitry generally includes a capacitance measurement circuit configured to measure the capacitance between the read/write head and the surface of the magnetic recording medium (or a derivative of that capacitance), and a fly height converter configured to produce an output signal corresponding to the fly height based on the measurement. The capacitance measurement circuit is generally configured to receive a periodic signal with a generally constant voltage slew rate coupled to the read/write head. The present invention advantageously provides for electronically measuring the fly height of a read/write head in situ in a magnetic storage system. The sensed fly height may then be used by the system to control fly height actuation.