The invention discloses a carbide slag polymerization fuel and a derivative fuel thereof, which relate to the field of novel fuels. The carbide slag polymerization fuel comprises the following raw materials in percentage by weight: 25-60% of carbide slags, 15-30% of salty mud, 10-40% of fly ash, 5-30% of iron tailings, 1-10% of sodium sulfate, and 0.1-8% of an exciting agent. According to the invention, by mainly using industrial waste residues such as carbide slags, salty mud, fly ash, iron tailings, sodium sulfate and the like which are large in storage quantity and pollute the environment, adding an exciting agent, and drying and crushing the obtained mixture, the polymerization fuel is formed; ad when in use, the polymerization fuel is ignited by using a magnesium rod, and then various materials are subjected to a chemical reaction so as to produce a calorific value of more than 10000 kcal/kg, so that when the fuel is applied to production and life, an effect of changing waste material into things of value is achieved, non-renewable energies are saved, and the pollution caused by industrial solid wastes to the environment is improved, therefore, an effect of energy conservation and environmental protection is achieved, and an effect of low carbon and emission reduction is also achieved, so the fuel contributes to the implementation of national policies of national recycling economy and sustainable development.