The invention belongs to the satellite positioning field and in particular relates to a real-time bayou precision relative positioning method. The real-time bayou precision relative positioning method particularly comprises the following steps: step I, initializing the integer ambiguity parameter; step II, carrying out cycle-slip detection; step III, performing pseudo-range single-point positioning; step IV, judging the difference of the observation epochs of a base station and a mobile station, calculating the difference of the observation epochs of the base station and the mobile station, if the difference value is more than 15s, returning to the step I, if not, entering the step V; step V, repairing cycle slip, calculating the integer ambiguity of a satellite which is subjected to cycle slip by use of the integer ambiguity of a satellite which is not subjected to cycle slip; step VI, solving the relative location of the base station and the mobile station. According to the method, the dynamic positioning real-time updating rate of the mobile station can be increased, the output delay of the positioning result of the mobile station can be reduced, the base station data is sampled and broadcast at low frequency, the requirements for the real-time performance and the reliability of a data communication link are reduced and the costs of the wireless communication equipment and the links are also reduced.