Microlensing is most sensitive to binary lenses with relatively large orbital
separations, and as such, typical binary microlensing events show little or no
orbital motion during the event. However, despite the strength of binary
microlensing features falling off rapidly as the lens separation decreases, we
show that it is possible to detect repeating features in the lightcurve of
binary microlenses that complete several orbits during the microlensing event.
We investigate the lightcurve features of such Rapidly Rotating Lens (RRL)
events. We derive analytical limits on the range of parameters where these
effects are detectable, and confirm these numerically. Using a population
synthesis Galactic model we estimate the RRL event rate for a ground-based and
space-based microlensing survey to be 0.32fb and 7.8fb events per year
respectively, assuming year-round monitoring and where fb is the binary
fraction. We detail how RRL event parameters can be quickly estimated from
their lightcurves, and suggest a method to model RRL events using timing
measurements of lightcurve features. Modelling RRL lightcurves will yield the
lens orbital period and possibly measurements of all orbital elements including
the inclination and eccentricity. Measurement of the period from the lightcurve
allows a mass-distance relation to be defined, which when combined with a
measurement of microlens parallax or finite source effects, can yield a mass
measurement to a two-fold degeneracy. With sub-percent accuracy photometry it
is possible to detect planetary companions, but the likelihood of this is very
small.Comment: 16 pages, 14 figures, accepted for publication in MNRAS. Equation 21
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