Abstract: An ice fishing tip-up adapted to rest on a sheet of ice surrounding a fishing opening therein, has a rigid frame with an aperture therein, a spool support, a rocker arm and a swing arm. A spool support connects to the frame and supports a spool on which fishing line is wound. The rocker arm includes an elbow pivotally attached to the frame distant the spool support, a catch indicator extending radially outward from the elbow in a first direction, and a rocker forearm extending radially outward from the elbow connector in a second direction. The rocker forearm has a first guide for receipt of the fishing line from the spool. The swing arm includes a swivel connector pivotally attached to the frame and a distal extent opposite the swivel connector with a second guide for receipt of the fishing line from the first guide. In an exemplary embodiment, the fishing line extends from the spool through the first guide, then through the second guide and downwardly therefrom to the fishing opening.