In order to increase cavitation erosion resistance of fluid machinery, an iron-based coating was prepared by high velocity arc spraying (HVAS) on the surface of 1Cr18Ni9Ti stainless steel. The microstructure and performance were investigated respectively by optical microscope (OM), X-ray diffraction (XRD), scanning electron microscope (SEM), Vickers hardness and vibratory cavitation apparatus. The results indicated that the coating had the higher hardness (8.67GPa) and the finer structure than ZG230-450 (1.86GPa) used actual in water conservancy. Compared with ZG230-450, cavitation erosion resistance of the coating was better, and the coating presented flakiness stripping mode. The results indicated that the HVAS is a promising method to prepare the cavitation resistance coating.