The orbital speed of a body, generally a planet, a natural satellite, an artificial satellite, or a multiple star, is the speed at which it orbits around the barycenter of a system, usually around a more massive body. It can be used to refer to either the mean orbital speed, i.e. the average speed as it completes an orbit, or the speed at a particular point in its orbit such as perihelia.
The orbital speed at any position in the orbit can be computed from the distance to the central body at that position, and the specific orbital energy, which is independent of position: the kinetic energy is the total energy minus the potential energy.
In the case of radial motion:
The transverse orbital speed is inversely proportional to the distance to the central body because of the law of conservation of angular momentum, or equivalently, Kepler's second law. This states that as a body moves around its orbit during a fixed amount of time, the line from the barycenter to the body sweeps a constant area of the orbital plane, regardless of which part of its orbit the body traces during that period of time.
This law implies that the body moves slower near its apoapsis than near its periapsis, because at the smaller distance along the arc it needs to move faster to cover the same area.
For orbits with small eccentricity, the length of the orbit is close to that of a circular one, and the mean orbital speed can be approximated either from observations of the orbital period and the semimajor axis of its orbit, or from knowledge of the masses of the two bodies and the semimajor axis.