Calcium silicate hydrate (CSH), ettringite, and Friedel's salt, three kinds of hydration products reported in cement‐based or slag‐based binder, are recognized as having significant roles in the solidification/stabilization (S/S) of heavy metals in wastes. However, which of these products has an excellent S/S property for arsenic has yet to be elucidated. Therefore, in this study, slag‐based binders with CSH, ettringite, and Friedel's salt as the main hydration products are prepared. Then, sodium arsenate is introduced into the slag‐based binder to prepare the matrices containing arsenic. The immobilization properties of arsenic in the three types of matrices are compared via an unconfined compressive strength (UCS) test, toxicity characteristic leaching procedure (TCLP), and sequential extraction procedure analysis. The results show that sodium arsenate decreases the UCS of the three types of matrices by retarding the hydration rate of the slag‐based binder. The Friedel's salt matrices have greater long‐term strength than the other two matrices. The arsenic leaching concentrations for the Friedel's salt matrices are lower than those for the other two matrices at the same initial arsenic concentration. Moreover, the fraction of arsenic in a stable state is greater in the Friedel's salt matrices than in the CSH and ettringite matrices. Consequently, in a slag‐based binder system, matrices containing Friedel's salt phase exhibit a higher UCS, excellent arsenic immobilization capacity, and more arsenic in a residual state than those containing the other two types of matrices. © 2018 American Institute of Chemical Engineers Environ Prog, 38: S422–S428, 2019