In special relativity only the two-way (round-trip) speed of light is measurable without a prior synchronization convention; the one-way speed depends on Reichenbach’s parameter \(\varepsilon \in (0,1)\) , whose value is conventional. We develop the corresponding framework in general relativity, in the threading decomposition of an arbitrary stationary frame. Resynchronizations of the frame’s clocks act as gauge transformations \(g_i \mapsto g_i + \partial _i\phi \) on the gravitomagnetic potential, leaving the redshift factor h and the radar metric \(\gamma _{ij}\) invariant; the one-way speed obeys the exact Reichenbach identity \(1/c_+(\textbf{n}) + 1/c_+(-\textbf{n}) = 2/c\) , with synchrony field \(\varepsilon (x,\textbf{n}) = \tfrac{1}{2}\bigl (1 + \sqrt{h}\,g_i n^i\bigr )\) ; the obstruction to a global Einstein synchronization is the gauge-invariant holonomy \(\oint g_i\,\textrm{d}x^i\) , realized physically as the Sagnac effect and equivalent to the vorticity of the frame; and slow clock transport carries the same holonomy. Hence the conventional content of one-way light propagation is exactly a gradient, and the triple \((h,\gamma _{ij},\textrm{d}g)\) exhausts the invariant chronometric content of the frame. We then give the general-relativistic dynamics of the invariants: \(\textrm{d}g\) is the twist of the frame’s Killing congruence; matter and light probe it — never the gauge sector — through an exact gravitomagnetic Lorentz-force law and Fermat’s principle, light rays being the magnetic geodesics of the Randers optical geometry \(\gamma _{ij}/h\) ; and the Einstein equations govern it: in vacuo the pair formed by h and the twist potential \(\chi \) obeys the Ernst sigma-model on the radar geometry (for Kerr, \(\chi = 2ma\cos \theta /\rho ^2\) ), while in the weak field mass currents source it. Exact case studies (rotating frames, Schwarzschild, Kerr, the GPS) include the Kerr synchronization holonomy \(\Delta \tau = -8\pi ma/\bigl (c\sqrt{r(r-2m)}\bigr )\) per revolution, of weak-field magnitude \(8\pi GJ/(c^4 r) \approx 1.9\times 10^{-16}\,\textrm{s}\) for Earth-girdling light paths, nine orders of magnitude below the kinematic Sagnac delay corrected for daily by the GPS. Consequences for one-way-speed test theories in gravitational environments are drawn.