The experimented rangefinder consist of sets of V/A-Code GPS and sets of L1 C/A-code & carrier phase receivers connected by two spread spectrum radio modems in order to measure relative range and bearing between two ship antennas by real time, comparing and analyzing accuracy of both GPS receivers at the fix point on the land by means of executing zero baseline test by C/A code and by carrier phase as well as measuring distance range 5m, 10m, 15m between each other receivers. The results from the measurement of relative range and bearing are as follows as ;1. According to the results from zero baseline test, the average error by C/A-code receiver is less than 0.1m, which proves theories from published books but when each GPS receivers track different satellites, the range accuracy error becomes up to 100m by means of S/A. Because of this sudden wide range error, rangefinder is not appropriate at relative range measurement without additional modification of the algorism of the GPS receiver itself.2. According to relative range measurement by Carrier Phase and zero baseline test at static condition, the range error is less than 3.5cm in case that it passes more than 5 minutes after GPS sets can track simultaneously more than 6 satellites. Its main reason is understood that the phase center of antenna is bigger than geodetic antenna.3. When range measurement of two receivers from 5m, to 10m to 15m, the each range error is 0.340m, 0.190m, 0.011m and each standard variation is 0.0973m, 0.0884m, 0.0790m. The range error and standard variation are in inverse proportion to distance between two receivers. 4. L1 Carrier Phase GPS generally needs 5 minutes to fix and during this ambiguity search, the relative range and bearing angle is shown to be various.