The governing equation of the hydrodynamic wave bearing was established and solved by the finite element method.The effect of the design parameters including wave number,eccentricity ratio,wave amplitude ratio (the ratio of wave amplitude and nominal radius clearance) and installation angle on the static performance of the wave bearing was discussed.It is shown by the numerical results that the influence of the wave number on the load capacity and attitude angle is significant.The load capacity of the wave bearing is decreased with the rise of wave number when the wave amplitude ratio is lower than 01 under the assumption that the load is applying on the sleeve between the two groove.The wave bearing has a larger load capacity than the plain one in general,except that the wave amplitude ratio is less than 015 and the installation angle is smaller than 20 degree.There is a minimum value of the load capacity as the increasing of installation angle with wave amplitude ratio smaller than 015,while in the larger wave amplitude ratio situation,the load capacity is increased at first and then decreased in the end as an increasing installation angle.