Hello SmellyCatOne,
Sounds like your iPads are running slow when they are tethered together. We're here to help.
Let's see if any of the steps below help improve the speed.
"Use these steps first
Try connecting again after each step.
- Check that Personal Hotspot is turned on in Settings > Personal Hotspot. If you can't find or turn on Personal Hotspot, check that your wireless carrier enabled it and that your wireless plan supports it.
- Restart the iPhone or iPad that provides Personal Hotspot and the other device that needs to connect to Personal Hotspot.
- Make sure that you have the latest version of iOS or iPadOS.
- On the iPhone or iPad that provides Personal Hotspot, go to Settings > General > Transfer or Reset [Device] > Reset, then tap Reset Network Settings.
Use the steps below for more help with Personal Hotspot over Wi-Fi, USB, or Bluetooth.
More information can be found in this article for help with Hotspot: If Personal Hotspot is not working on your iPhone or iPad (Wi-Fi + Cellular) - Apple Support
Let us know if you have any questions.
Thank you for using Apple Support Communities.
Take care!