Understanding the dynamic mechanical behaviors of materials is a prerequisite for reliably analyzing and predicting the dynamic response of structures, which is of great significance for transportation infrastructure and military engineering subjected to extreme loads, particularly dynamic loads at high strain rates. Nickel coated multi-walled carbon nanotubes (Ni-MWCNTs) show promise as a reinforcement to modify the dynamic mechanical behaviors of ultra-high performance cementitious composites (UHPCC). Because Ni-MWCNTs combine the high tensile strength and large aspect ratio characteristics of fibers with the nano effect of nanomaterials, as well as have excellent dispersibility due to the nickel plating on the CNTs’ surface, they effectively improve the dynamic mechanical properties of UHPCC under impact loading at high strain rates of about 100 s−1/300 s−1/500 s−1 and reduce the brittle damage degree of composites. The maximal increase in dynamic compressive strength and energy absorption capacity of UHPCC reaches 47.9% and 68.2%, respectively. This enhancement effect arises from that Ni-MWCNTs improve the microstructure and form multiple fine cracks, resulting in an increased energy consumption required for crack formation, propagation and coalescence. Additionally, the dynamic mechanical properties of Ni-MWCNTs reinforced UHPCC exhibit noticeable strain rate effects. Consequently, a strain rate-dependent logarithmic functional dynamic increase factor model and dynamic constitutive model of UHPCC filled with Ni-MWCNTs are modified herein for predicting and modeling the dynamic mechanical behaviors of composites.