A cradle type tension pay-off device disclosed by the present invention comprises a threading shaft, a rotating shaft, a cradle frame, a pay-off shaft, a permanent magnet damping regulator and a transmission gear set. The pay-off shaft is connected with and arranged in the cradle frame, the permanent magnet damping regulator is arranged on the cradle frame and is connected with the pay-off shaft via the transmission gear set, and the threading shaft and the rotating shaft are arranged at the two ends of the cradle frame symmetrically. The cradle type tension pay-off device of the present invention is ingenious and reasonable in design, adopts the passive pay-off, can regulate the pay-off speed via the permanent magnet damping regulator, thereby realizing the tension control. Moreover, the cradle type tension pay-off device is arranged on the cradle frame of a stranding machine via the rotating shaft, can swing freely, realizes the back twist pay-off, enables the pay-off actions to be more natural and smooth, a pay-off effect and the working efficiency to be improved substantially and the production cost to be reduced, is good in stranding effect, can guarantee the product quality effectively, is simple, easy and convenient to operate, effectively saves a lot of time and labor, and facilitates the wide popularization and utilization.