This document presents a novel carrier interferometry (CI) spreading code design for orthogonal frequency division multiplexing (OFDM) systems using a wavelet transform instead of a fast Fourier transform (FFT). The proposed wavelet-based CI/OFDM system is simulated over Rayleigh and Rician fading channels and its performance is compared to conventional OFDM and FFT-based CI/OFDM. Simulation results show that the wavelet-based CI codes improve bit error rate performance, being more robust at signal-to-noise ratios above approximately 10 dB for Rician fading and 7 dB for Rayleigh fading compared to FFT-based CI codes. The wavelet transform provides time-frequency localization advantages over the FFT for realizing CI in OF