diff --git a/CHANGELOG.md b/CHANGELOG.md
index efaf04f6d..65f1e70e5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -13,6 +13,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Fixes
 
+- program: fix base spread validate for perp market [#2052](https://github.com/drift-labs/protocol-v2/pull/2052)
 - sdk: fix for initializing a new user account with a token2022 deposit
 
 ### Breaking
diff --git a/programs/drift/src/validation/perp_market.rs b/programs/drift/src/validation/perp_market.rs
index 30bce4ded..91ddecea8 100644
--- a/programs/drift/src/validation/perp_market.rs
+++ b/programs/drift/src/validation/perp_market.rs
@@ -139,9 +139,9 @@ pub fn validate_perp_market(market: &PerpMarket) -> DriftResult {
 
     if market.amm.amm_spread_adjustment >= 0 && market.amm.amm_inventory_spread_adjustment >= 0 {
         validate!(
-            market.amm.long_spread + market.amm.short_spread >= market.amm.base_spread,
+            market.amm.long_spread + market.amm.short_spread >= market.amm.base_spread.saturating_sub(2),
             ErrorCode::InvalidAmmDetected,
-            "market {} amm long_spread + short_spread < base_spread: {} + {} < {}",
+            "market {} amm long_spread + short_spread < base_spread - 2: {} + {} < {}",
             market.market_index,
             market.amm.long_spread,
             market.amm.short_spread,