The micro-feed system of the dual-drive hydrostatic lead screw (DDHLS) can overcome the accuracy limitations inherent in traditional hydrostatic lead screw through the process of differential synthesis, thereby achieving exceedingly low speeds and exceptional precision in feed operations. Nevertheless, due to the complex structural form of DDHLS, both heat generation and heat dissipation are different from conventional hydrostatic functional components. Therefore, for DDHLS micro-feed system, it is necessary to deeply investigate its thermal performance and evolution rules to improve its thermal stability. Based on the analysis of multi-field coupling, the accurate thermal model of the DDHLS micro-feed system is formulated. Taking into account the variable viscosity of the oil film and the heat dissipation conditions within the oil film region, the thermal behavior of DDHLS feed system is analyzed systematically. The accuracy of the thermal performance model of DDHLS feed system is verified by experiments. The findings indicate that the DDHLS micro-feed system has better thermal performance than the dual-axis differential feed system based on rolling components. Furthermore, optimizing the heat dissipation pathway of the DDHLS can significantly mitigate the thermal effects exerted by the hydrostatic nut assembly on the screw.