The invention discloses a functional additive for liquid silicone rubber. The functional additive is mainly prepared by polymerizing acrylate monomers, vinyl siloxane and other vinyl monomer compoundsaccording to the mass ratio of 80-300: 100-200: 20-120. The functional additive smoothly realizes the purpose of simultaneously modifying the liquid silicone rubber for several times, so that the performance of the organic silicon material is further improved. The preparation method comprises the following steps: mixing vinyl siloxane, an acrylate monomer, a chain transfer agent and a solvent, dropwise adding a chain initiator, other vinyl monomer compounds and a solvent, controlling the temperature to be 40 DEG C and 120 DEG C, making reacting for 2-8 hours to obtain a primary sample, performing extracting, performing distilling under reduced pressure, and removing the solvent, thereby obtaining the functional additive. The method is simple to operate, can smoothly implement industrial application, and can easily and effectively control the molecular structure, polymerization degree and the like of the functional additive.