The invention relates to a tension-adjustable slip shaft, and relates to the technical field of slip shafts. The slip shaft comprises an air shaft main body and a plurality of slip rings mounted on the air shaft main body, each slip ring comprises a gear ring, a tension ring body and an end face bearing, both the tension ring bodies and the end face bearings sleeve the air shaft main body, the gear rings sleeve the end face bearings, air inlet ring grooves are formed in the inner walls of the tension ring bodies, piston holes are formed in the groove bottoms of the air inlet ring grooves, piston bodies are installed in the piston holes, an intake header pipe is arranged on the air shaft main body, an intake branch pipe is arranged on the side wall of the intake header pipe, a plug-in cylinder body is installed at one end of each gear ring, a fixed sleeve is installed at the other end of each gear ring, plug-in posts are slidably installed in the fixed sleeves, deflector rods are fixedly arranged on the side walls of the plug-in posts, a sliding groove and a limit part are arranged on the side wall of each fixed sleeve, springs are installed in the fixed sleeves, adjustment groovesare formed in the side walls of the gear rings, and the deflector rods are located in the adjustment grooves. The slip shaft has the characteristics of adjustable tension, wide application range and non-replacement.