diff --git a/netsize/netsize.go b/netsize/netsize.go
index a045e3fbe..5e27df137 100644
--- a/netsize/netsize.go
+++ b/netsize/netsize.go
@@ -37,22 +37,28 @@ type Estimator struct {
 	measurementsLk sync.RWMutex
 	measurements   map[int][]measurement
 
-	netSizeCache *float64
+	netSizeCache   *float64
+	weightFuncType WeightFuncType
 }
 
-func NewEstimator(localID peer.ID, rt *kbucket.RoutingTable, bucketSize int) *Estimator {
-	// initialize map to hold measurement observations
-	measurements := map[int][]measurement{}
-	for i := 0; i < bucketSize; i++ {
-		measurements[i] = []measurement{}
+func NewEstimator(localID peer.ID, rt *kbucket.RoutingTable, opts ...Option) *Estimator {
+	es := &Estimator{
+		localID:        kbucket.ConvertPeerID(localID),
+		rt:             rt,
+		measurements:   map[int][]measurement{},
+		bucketSize:     DefaultBucketSize,
+		weightFuncType: DefaultWeightFuncType,
 	}
 
-	return &Estimator{
-		localID:      kbucket.ConvertPeerID(localID),
-		rt:           rt,
-		bucketSize:   bucketSize,
-		measurements: measurements,
+	for _, opt := range opts {
+		opt(es)
 	}
+
+	for i := 0; i < es.bucketSize; i++ {
+		es.measurements[i] = []measurement{}
+	}
+
+	return es
 }
 
 // NormedDistance calculates the normed XOR distance of the given keys (from 0 to 1).
@@ -204,17 +210,6 @@ func (e *Estimator) NetworkSize() (float64, error) {
 	return netSize, nil
 }
 
-// calcWeight weighs data points exponentially less if they fall into a non-full bucket.
-// It weighs distance estimates based on their CPLs and bucket levels.
-// Bucket Level: 20 -> 1/2^0 -> weight: 1
-// Bucket Level: 17 -> 1/2^3 -> weight: 1/8
-// Bucket Level: 10 -> 1/2^10 -> weight: 1/1024
-func (e *Estimator) calcWeight(key string) float64 {
-	cpl := kbucket.CommonPrefixLen(kbucket.ConvertKey(key), e.localID)
-	bucketLevel := e.rt.NPeersForCpl(uint(cpl))
-	return math.Pow(2, float64(bucketLevel-e.bucketSize))
-}
-
 // garbageCollect removes all measurements from the list that fell out of the measurement time window.
 func (e *Estimator) garbageCollect() {
 	logger.Debug("Running garbage collection")
diff --git a/netsize/options.go b/netsize/options.go
new file mode 100644
index 000000000..94c95d5d4
--- /dev/null
+++ b/netsize/options.go
@@ -0,0 +1,20 @@
+package netsize
+
+type Option func(*Estimator)
+
+var (
+	DefaultBucketSize     = 20
+	DefaultWeightFuncType = WeightFuncExponentialCPL
+)
+
+func WithBucketSize(bucketSize int) Option {
+	return func(es *Estimator) {
+		es.bucketSize = bucketSize
+	}
+}
+
+func WithWeightFunc(wft WeightFuncType) Option {
+	return func(es *Estimator) {
+		es.weightFuncType = wft
+	}
+}
diff --git a/netsize/weights.go b/netsize/weights.go
new file mode 100644
index 000000000..6ffdc7f83
--- /dev/null
+++ b/netsize/weights.go
@@ -0,0 +1,73 @@
+package netsize
+
+import (
+	"fmt"
+	"math"
+
+	kbucket "github.com/libp2p/go-libp2p-kbucket"
+)
+
+type WeightFuncType string
+
+const (
+	WeightFuncNone                   WeightFuncType = "NONE"
+	WeightFuncInverse                WeightFuncType = "INVERSE"
+	WeightFuncExponentialCPL         WeightFuncType = "EXPONENTIAL_CPL"
+	WeightFuncExponentialBucketLevel WeightFuncType = "EXPONENTIAL_BUCKET_LEVEL"
+)
+
+// calcWeight selects the configured weight function and applies and calculates
+// the weight of the data points.
+func (e *Estimator) calcWeight(key string) float64 {
+	switch e.weightFuncType {
+	case WeightFuncNone:
+		return e.weightFuncNone(key)
+	case WeightFuncInverse:
+		return e.weightFuncInverse(key)
+	case WeightFuncExponentialCPL:
+		return e.weightFuncExponentialCPL(key)
+	case WeightFuncExponentialBucketLevel:
+		return e.weightFuncExponentialBucketLevel(key)
+	default:
+		panic(fmt.Sprintf("unknown weight func type %s", e.weightFuncType))
+	}
+}
+
+// weightFuncNone does not weigh data points but treats every sample the same.
+func (e *Estimator) weightFuncNone(key string) float64 {
+	return 1
+}
+
+// weightFuncInverse decreases the weight of data points inverse proportional to its
+// common prefix length between the requested key and the own peer ID.
+// CPL: 0 -> 1/(0 + 1) -> 1
+// CPL: 1 -> 1/(1 + 1) -> 0.5
+// CPL: 2 -> 1/(2 + 1) -> 0.333
+// CPL: 3 -> 1/(3 + 1) -> 0.25
+func (e *Estimator) weightFuncInverse(key string) float64 {
+	cpl := kbucket.CommonPrefixLen(kbucket.ConvertKey(key), e.localID)
+	return 1 / (float64(cpl) + 1)
+}
+
+// weightFuncExponentialCPL is similar to weightFuncInverse but instead of applying
+// an inverse proportional relationship it weighs data points exponentially less
+// with increasing common prefix length between the requested key and the own peer ID.
+// CPL: 0 -> 1/2**0 -> 1
+// CPL: 1 -> 1/2**1 -> 0.5
+// CPL: 2 -> 1/2**2 -> 0.25
+// CPL: 3 -> 1/2**3 -> 0.125
+func (e *Estimator) weightFuncExponentialCPL(key string) float64 {
+	cpl := kbucket.CommonPrefixLen(kbucket.ConvertKey(key), e.localID)
+	return 1 / math.Pow(2, float64(cpl))
+}
+
+// weightFuncExponentialBucketLevel weighs data points exponentially less if they fall into a non-full bucket.
+// It weighs distance estimates based on their CPLs and bucket levels.
+// Bucket Level: 20 -> 1/2^0 -> weight: 1
+// Bucket Level: 17 -> 1/2^3 -> weight: 1/8
+// Bucket Level: 10 -> 1/2^10 -> weight: 1/1024
+func (e *Estimator) weightFuncExponentialBucketLevel(key string) float64 {
+	cpl := kbucket.CommonPrefixLen(kbucket.ConvertKey(key), e.localID)
+	bucketLevel := e.rt.NPeersForCpl(uint(cpl))
+	return math.Pow(2, float64(bucketLevel-e.bucketSize))
+}