The invention discloses a functional emulsion which is characterized by comprising the following raw materials: a fluorine-containing acrylate monomer, an acrylate monomer, a crosslinking monomer 1, acrosslinking monomer 2, an emulsifier, an initiator and deionized water. The preparation method comprises the following steps: adding deionized water and the emulsifier into a reaction container, dropwise adding a mixture of the fluorine-containing acrylate monomer, the acrylate monomer, the crosslinking monomer 1 and the crosslinking monomer 2 into the reaction container, heating to 60-75 DEG C,adding the initiator into the reaction container, reacting for 3-5 hours while stirring, heating to 85-90 DEG C, and reacting for 1-2 hours while stirring, thereby obtaining the functional emulsion.The functional emulsion is good in film-forming property and high in contact angle with water, and can be widely applied to protection of airplanes, ships, buildings, traffic and various machines.