A cooling arrangement for voice coil of speaker is disclosed to include a first bearing cup, a second bearing cup inserted into a top opening of the first bearing cup with a top flange thereof stopped at the top side of the first bearing cup to support a voice coil inside the first bewaring cup, and a conical outer holding down cup sleeved onto the first bearing cup to hold down a damper on a bottom flange of the first bearing cup and having a top edge bonded to a cone paper.