The invention relates to a dual polarization radar arbitrary polarization wave on-line calibrating method. A polarization calibrating channel is constituted by a digital calibrating unit, a digital-to-analog converter, a frequency converter, a calibrating horn, a main feed source horn, and a receiving channel. The digital calibrating unit is substantially an arbitrary waveform generator, and is used to generate standard continuous wave sinusoidal signals, noise signals, arbitrary digital waveforms, and delay of emission signal transcripts. When a polarization radar works in a calibrating mode, an output end of an emitter is used to couple a few of signals, which are used as transcripts of the emission signals. The signals are converted into digital signals after down conversion operation, filtering operation, and ADC conversion operation, and are used as digitalized emission sampling signals, which are input in the digital calibrating unit. After the amplitude conversion processing, the phase conversion processing, the frequency spectrum conversion processing, the delay conversion processing, and other conversion processing of the signals in a numerical field, the signals are converted into analog signals, and the analog signals are converted into radio frequency signals by up conversion operation, and then are irradiated on a main feed source by the calibrating horn.