The invention discloses a color paste formula for a water-based paint. The color paste is prepared from the following raw materials in percentage by weight: 30-40% of color paste resin, 10-20% of toner, 2-4% of dispersing agent, 10-20% of titanium dioxide, 20-30% of deionized water, 5-8% of emulsifying agent, 2-3% of anti-sticking agent, 2-3% of thickening agent, 2-5% of carboxylic acid and 1-2% of defoaming agent. Deionized water is used as a solvent to play a role in dissolving all components, the emulsifying agent plays a role in emulsifying and providing a carrier, toner plays a role in coloring, the dispersing agent contributes to particle crushing of all the components, dispersion stability is guaranteed, all the components are evenly dispersed in a system, and the defoaming agent isused for preventing the foaming phenomenon in the stirring process. The color paste is high in coloring capacity, can be placed for a long time without mildewing, can keep stable rheological property, and is wide in application range, non-toxic and high in compatibility.