This article makes a comparative research on the advantage and disadvantage of the calculating method for the bearing capacity of open-ended tubular pile between Code for Pile Foundation of Harbor Engineering and API RP 2A WSD.Three-dimensional finite element models of pile foundation are built to calculate and compare by finite element software ANSYS according to the traditional method widely adopted now and the hyperbolic model of load transfer method respectively.The result indicates that the latter is more accurate and reasonable,and has a wider range of application.