Immiscible alloys have attracted growing interest for their valuable physical and mechanical properties. However, their production is difficult because of metallurgical problems in which there is a serious tendency for gravity separation in the region of the miscibility gap. So far the study on the liquid separation mechanism is still one of the important projects in the spatial materials science and the spatial fluid science. The studied results about the liquid phase separating mechanism of immiscible alloys are presented, at the same time the preparation techniques of homogeneous immiscible alloys are summarized, and the existing problems and the related researching areas in the future are also pointed out.