The invention provides a dyeing and finishing process of an antipilling-antistatic yarn and an automatic impregnator for the dyeing and finishing process, belongs to the technical field of textile machinery, and solves the problems of insufficient impregnation of yarns and shortage of the dyeing and finishing process with antipilling and antistatic performance. The dyeing and finishing process for the yarn with waterproof properties comprises the following steps: A, inspecting blanks, B, finishing, C, putting into a vat, D, carrying out hank dyeing; E, preparing an antipilling-antistatic staining solution, F, carrying out impregnation, G, drying, H, inspecting quality, I, packing, and J, putting in storage. The automatic impregnator for the dyeing and finishing process comprises a working table, a hank knotting cylinder is arranged on one side of the working table, a sliding positioning mechanism which can enable the hank knotting cylinder and the working stable to relatively slide is arranged between the hank knotting cylinder and the working stable, an upright column is fixed on the working stable, and a lifting mechanism which can enable a compressing plate to move up and down is arranged between the upright column and the compressing plate. The automatic impregnator disclosed by the invention has the advantages of high dyeing efficiency, sufficient impregnation and the like.