The invention belongs to the technical field of spinning, and discloses a rolling cutter for ultrasonic high-speed rotary blowing discharging. The rolling cutter is provided with a rolling cutter body, a central deep and long hole is formed in the shaft end face of the right side of the rolling cutter body, a section of threads is formed in the shaft end face of the central deep and long hole, andthe threads are connected with the rolling cutter body and a high-speed rotary joint; bearings are installed at the left end and the right end of the rolling cutter body, a synchronous wheel is fixedto the tail end of the shaft part of the left side of the rolling cutter body, the synchronous wheel and the rolling cutter body are connected through a tensioning sleeve, and the synchronous wheel is connected with a motor in a toothed mode. A thread hole in the right side of the rolling cutter body is connected with the rotary joint, the central deep and long hole communicates with a normal hole and a tangential hole, thus the gas is vented to the circumferential surface of the cutter body, and the action of blowing out waste, auxiliary feeding, and heat dissipation for an ultrasonic tool head is achieved. A protective blade is in a sine wave S-shaped pattern, the angle and height of the protective blade are both consistent with a cutting blade, and thus the service life of a die can beprolonged; and the wavelength on the left side is longer than that on the right side, and the action of preventing the ultrasonic tool head from loosening can be achieved.