In order to understand the surface and interface conditions of polycrystalline cubic boron nitride (PcBN) sliding against bearing steel in vacuum environments, the effects of different loads on the tribological behaviors of PcBN and bearing steel AISI 52100 were studied deeply in a vacuum tribometer. Furthermore, the wear tracks of PcBN and the wear scars of AISI 52100 were characterized by scanning electron microscopy and energy dispersive X-ray spectroscopy. The results show that the stable coefficient of friction (CoF) of the tribopair experiences a decrease first and then an increase with the increase in loads from 2 N to 15 N. The adhesive layer increases with the increase in loads, and the formation of adhesive layer contributes to the change of CoF and wear rate of counterpart balls. The adhesive layer is formed due to the combination of high contact stress and high temperature. Meanwhile, the exfoliated cubic boron nitride grains are embedded into the adhesive layer as abrasive grains, resulting in abrasive wear. Thus, the main wear mechanisms are adhesive wear and abrasive wear.