The invention discloses an anti-rust lubricating aqueous copper drawing fluid, which is characterized by comprising the following raw materials by weight: 4-6 parts of sodium dodecyl benzene sulfonate, 1-2 parts of sodium oleate, 3-4 parts of Turkey red oil, 2-4 parts of ethyl acrylate, 1-2 parts of diethyl carbitol, 1-2 parts of butyl titanate, 2-3 parts of mercaptobenzothiazole sodium salt, 0.8-1.5 parts of bordeaux mixture, 5-7 parts of auxiliary agent and 900-950 parts of deionized water. According to the invention, mercaptobenzothiazole sodium salt is added, and has good anti-corrosion effect, the added auxiliary agent has good antiwear, dispersion, lubrication and film forming ability, the surfactant is cooperated, so that a layer of protection film is formed on the surface of the copper wire, and copper wire quality can be ensured. The employed aqueous formula has the advantages of good cooling performance, difficult flammability and easy cleaning, and is suitable for copper wire drawing.