The purpose of this paper is to investigate polarization characteristics of heat-treated Ni-based self-flux alloy coating in alkaline solution. Ni-based self-flux alloy powder was sprayed to a steel substrate using flame spray process, and heat treatments were performed in a vacuum furnace at $800^{circ}C$, $900^{circ}C$, $1000^{circ}C$ and $1100^{circ}C$. After heat treatments, corrosion tests were carried out using potentiostat/galvanostat at solution with pH 8 and pH 13. Corrosion potential(Ecorr) and corrosion current density(Icorr) could be analyzed from polarization curve. Anticorrosive effect of heat-treated coating at solution with pH 8 was relatively greater than at solution with pH 13. Heat-treated coating at $1100^{circ}C$ showed the greatest anti-corrosion characteristics in alkaline solution.