If the chip rate is high (>5 MHz) and the ripple is about +/- 5% or less, this is to be expected. The distortion is a result of the non-linearity of the code input port of the mixer. While this distortion is of little consequence in many situations, in others it may be unacceptable.
Refer to the FAQ on code imbalance for more information regarding the consequence of this distortion, and for a technique to correct it. If the ripple is greater than +/-5%, or occurs even at low chip rates ( More.
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