We present a method to accelerate the evaluation of the likelihood in gravitational wave parameter estimation. Parameter estimation codes compute likelihoods of similar waveforms, whose phases and amplitudes differ smoothly with frequency. We exploit this by precomputing frequency-binned overlaps of the best-fit waveform with the data. We show how these summary data can be used to approximate the likelihood of any waveform that is sufficiently probable within the required accuracy. We demonstrate that 60 bins suffice to accurately compute likelihoods for strain data at a sampling rate of $4096\,$Hz and duration of $T=2048\,$s around the binary neutron star merger GW170817. Relative binning speeds up parameter estimation for frequency domain waveform models by a factor of ~ 10⁴ compared to naive matched filtering and ~ 10 compared to reduced order quadrature.
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Zackay et al. (2018) studied this question.