Waterborne building heat-insulation environment-friendly coating comprises, by weight, 20-30 parts of hexafluorobutyl methacrylate, 20-30 parts of methyl methacrylate, 250-280 parts of styrene-acrylic emulsion, 180-200 parts of water, 3-6 parts of defoamer, 1-2 parts of mildew preventive, 3-6 parts of dispersant, 1-2 parts of wetting agent, 200-400 parts of Luzhao soil, 100-160 parts of coal ash, 150-180 parts of titanium dioxide, 80-120 parts of talcum powder, 50-60 parts of expanded perlite, 30-40 parts of N-dodecanethiol, 20-30 parts of butyl cellosolve, 20-30 parts of thickener, 6-8 parts of flatting agent, 6-10 parts of water repellent agent and 1-2 parts of tributyl phosphate. The waterborne building heat-insulation environment-friendly coating is low in VOC (volatile organic compound) emission, simple in production and construction process, environment friendly and excellent in performance. Meanwhile, functional filler with specific components replace commonly used glass beads, and the waterborne building heat-insulation environment-friendly coating is stable in performance and has wide application in building coating in the industrial and decoration fields.