The invention provides a hydraulic impact drill bit with rolling teeth. The hydraulic impact drill bit comprises a rotary disc track, a drill bit body, a first spiral blade, a rotary disc, a flow limiting disc, an impact hammer, a spring, a second spiral blade, a straight rod, a hollow cavity, the rolling teeth, a chain, a connecting gear, a drill bit body, a protrusion, a hollow bevel gear, a sealing ring, a water hole, cutting teeth, a bearing, a small gear, a large gear and bevel teeth. According to the hydraulic impact drill bit, by rotating the rolling teeth, heat and abrasion are reduced, the service life of the drill bit is prolonged, an impact tool is installed, and the well drilling efficiency is improved.