Spurs have made a brilliant start to the season and they sit top of the table going into Sunday’s north London derby with Arsenal.
The Gunners, in contrast, have had a difficult start and they currently sit 14th in table, while their tally of 13 points is their lowest after their opening 10 matches of any league campaign since the 1981-82 season.
It makes Tottenham the favourites for Sunday’s derby but Arteta is unsure if they, or any other team, can be deemed title contenders.
“I think it’s very early in the season to see who is title contenders or not,” said Arteta.
“But what you can say is what I said before, is that they (Tottenham) are in the position they are because they are doing things the right way.
“They are in a great moment, they are full of confidence and you can see how much belief they have in what they do.
“When they have moments of difficulty, they stick to the plan and they believe they will get the result at some stage and at the moment it’s happening for them.
“They’ve been doing really well and that’s the reason why they are where they are.”
Arteta, however, is convinced Arsenal can defy the odds and get a result against their rivals when they travel to their stadium on Sunday - which will have 2,000 Tottenham fans.
“We go into the game to win and this is the only way we are going to prepare any game at any ground, have the confidence and belief that we can go there and win the football match,” said Arteta.
“The table is like that because they deserve it more than us and they’ve done things better than us.
“Throughout 96 minutes, I don’t know. But in certain moments in certain games, they have and they have got the results. We have to accept that. But we want to go there and make that gap three points smaller.
“We’ve been waiting for this moment for a long time and I’m not going to complain.
“Honestly, I’d rather play in a stadium with an atmosphere. With some fans and at this moment it’s going to be for them with their supporters and the next week it will be us.”
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