No doubt Man City are the favourites. They are the best team of the EPL at the moment. Haaland's arrival supported them very well for the EPL champions. But you have to know at the moment Arsenal are also in very good shape. One loss in 14 games is a pretty good record. The 5-point gap makes them quite breathable from Man City's chase. So I believe these 2 teams will be strong candidates for the championship this season. Who can perform well and survive with the best game then they will be champions.
Manchester City will still be superior because they will next meet several opponents which in my opinion are easy to beat and will make Manchester City get additional points easily, As for Arsenal, they still need to work hard to win and of course it's not easy for Arsenal to do that, but in the end Arsenal have managed to take first place for a while.
nothing is easier for all teams. we're only halfway through the season. and there are still many strong teams to face both City and Arsenal.
Arsenal's current position is indeed more favored because it has a better number of points. but City will not miss a chance. even Newcastle and Tottenham also have the same chance now. there is not too much difference in points. at least the big standings will knock each other out for a better position.