The invention relates to a method for processing a double face fabric with single-side moisture transferring and cooling functions, which is characterized in that the yarn for weaving the inner layer of the fabric is made of cool nylon fiber FLYCOOL, and the yarn for weaving the outer layer of the fabric is made of all common garment fiber. The method comprises the basic processing steps of gray fabric preparing, pretreating, dyeing or whitening, softening and thermosetting finishing. The fabric obtains the single-side moisture transfer property through thermosetting finishing. The fabric with single-side moisture transfer property has simple technological design, stability in production, easiness for operation, high working efficiency, large-scale production and an obvious single-side moisture transfer effect, the product has good performance uniformity, and the fabric shows a composite special effect function, i.e. the fabric shows a single-side moisture transfer and moisture absorption fast dry mechanism and a cooling function. The wearing comfortableness of sports wear is increased, and the sports wear is cool and comfortable to wear, has strong wearability and can especially meet the wearing requirement of people doing a large amount of exercises in summer.