My lemmy server is also running the same versions are you are now. I was getting timeouts with lemmy.world federation so I recompiled lemmy_server with timeout changes:

diff --git a/crates/utils/src/lib.rs b/crates/utils/src/lib.rs
index e5d07db2c..e2c592d82 100644
***
a/crates/utils/src/lib.rs
+++ b/crates/utils/src/lib.rs
@@ -18,7 +18,7 @@ use std::time::Duration;

 pub type ConnectionId = usize;

-pub const REQWEST_TIMEOUT: Duration = Duration::from_secs(10);
+pub const REQWEST_TIMEOUT: Duration = Duration::from_secs(13);

 #[macro_export]
 macro_rules! location_info {
diff --git a/src/lib.rs b/src/lib.rs
index cc77ca48f..45c621a7c 100644
***
a/src/lib.rs
+++ b/src/lib.rs
@@ -37,7 +37,7 @@ use tracing_subscriber::{filter::Targets, layer::SubscriberExt, Layer, Registry}
 use url::Url;

 /// Max timeout for http requests
-pub(crate) const REQWEST_TIMEOUT: Duration = Duration::from_secs(10);
+pub(crate) const REQWEST_TIMEOUT: Duration = Duration::from_secs(16);

 /// Placing the main function in lib.rs allows other crates to import it and embed Lemmy
 pub async fn start_lemmy_server() -> Result<(), LemmyError> {