  XB 1254-690 is a dipping low mass X-ray binary system hosting a neutron star
and showing type I X-ray bursts. We aim at obtaining more accurate orbital
ephemeris and at constraining the orbital period derivative of the system for
the first time. In addition, we want to better constrain the distance to the
source in order to locate the system in a well defined evolutive scenario. We
apply for the first time an orbital timing technique to XB 1254-690, using the
arrival times of the dips present in the light curves that have been collected
during 26 years of X-ray pointed observations performed from different space
missions. We estimate the dip arrival times using a statistical method that
weights the count-rate inside the dip with respect to the level of the
persistent emission outside the dip. We fit the obtained delays as a function
of the orbital cycles both with a linear and a quadratic function. We infer the
orbital ephemeris of XB 1254-690 improving the accuracy of the orbital period
with respect to previous estimates. We infer a mass of M$_{2}=0.42\pm 0.04$
M$_{\odot}$ for the donor star, in agreement with the estimations already
present in literature, assuming that the star is in thermal equilibrium while
it transfers part of its mass via the inner Lagrangian point, and assuming a
neutron star mass of 1.4 M$_{\odot}$. Using these assumptions, we also
constrain the distance to the source, finding a value of 7.6$\pm 0.8$ kpc.
Finally, we discuss the evolution of the system suggesting that it is
compatible with a conservative mass transfer driven by magnetic braking.
