If you don't need SET LOCAL or different isolation levels in your tests, the fastest by far in my experience is to have a template DB per process (perhaps migrating it once and then using it as template to make copies), then run your tests wrapped in a transaction that you rollback at the end.
Postgres rollback is essentially instant, since all the cleanup is left to a later vacuum. Postgres can handle "nested transactions" (savepoints), so in most cases you don't have to modify your code.
For the small set of tests that aren't compatible with being wrapped in a transaction, you run them serially in each process and either DELETE or TRUNCATE CASCADE in between for cleanup. DELETE is a bit faster, but then you have to deal with foreign key issues yourself.
There's more that can go wrong when relying on transaction rollback. But in terms of speed, I don't know of a faster way.
For the small set of tests that aren't compatible with being wrapped in a transaction, you run them serially in each process and either DELETE or TRUNCATE CASCADE in between for cleanup. DELETE is a bit faster, but then you have to deal with foreign key issues yourself.
There's more that can go wrong when relying on transaction rollback. But in terms of speed, I don't know of a faster way.