In order to improve the physical function of athletes under hypoxic training, the authors propose to observe the effect of functional food with active ingredients of polypeptide polyamines in deer antler on the physical function of athletes under ultrasound observation. According to the characteristics of physiological changes during hypoxic training, functional foods containing the active ingredients of polypeptide polyamines in deer antler were selected and given to athletes under simulated hypoxic training, observe the changes of red blood cells (RBC), hemoglobin (Hb), hematocrit (Hct), blood lactic acid, free radical metabolism and immune function of athletes, and musculoskeletal under ultrasound observation, discuss how to improve the physical function and athletic ability of athletes under hypoxic training. Experimental results show that athletes after 6 weeks of hypoxic training, red blood cells and hemoglobin were significantly increased, there was a significant difference compared to the control group ( P < 0.05 or P < 0.01 ). After 6 weeks of hypoxic training, hemoglobin increased by 10.1%, a 5.6 percentage point increase compared to the control group. Conclusion. The antler peptides used by the authors can enhance the effect of hypoxic training.