Most people will definitely consider Liverpool as a strong candidate who will come out as the winner in the match but I see Arsenal's chances of achieving victory are also quite large. This depends on the strategy of each coach in dealing with resistance and Arteta must be aware of Liverpool's front lines at this time so great that the focus can be more on the defense that needs to be improved.
Yes, everyone will certainly assume Liverpool will win this match, because in the previous season, Liverpool already had experience winning the Premier League title, while Arsenal had failed to win the title in the previous two seasons. So, based on the experience of both clubs, Liverpool has the advantage of experience. Another advantage is that Liverpool will be playing at home. Therefore, Liverpool has a greater chance of beating Arsenal, even though Arsenal has improved their performance. I'm sure Arteta won't let his club lose. So, both teams are likely to have two possible outcomes: a Liverpool win or a draw.