Tottenham Hotspur and Arsenal face-off on Sunday (12.07.20) with both teams having endured disappointing seasons, although the Gunners boss feels previous results are irrelevant.
In a press conference ahead of the game, the Spanish coach said: "A derby has a completely different context to what is happening with the current form."
It will mark the first derby in charge for both Arteta and Spurs boss Jose Mourinho and the 38-year-old manager has "huge respect" for his rival.
Arteta commented: "I have huge respect for Jose, for what he's trying to do there. To go there and get a win, we're going to have to do everything really, really well. I'm expecting a really tough game.
"They've had ups and downs but overall you can see what he wants to bring to the club... They've had a lot of injuries and he hasn't had a chance to be consistent with his teams, which was a big disadvantage ... But I'm sure he'll be successful."
Arteta believes that the game will be "special", even with no fans present at the Tottenham Hotspur Stadium.
He said: "They know, they know how the media reacts, what the fans are expecting.
"It's going to be a shame because it's such a beautiful stadium, to not have the fans there will not be the same. It will be a strange derby.
"It's such a special occasion. Rivalry in football, if you take it in a positive way, it brings energy and passion and brings a city together ... We're privileged to have big teams in the city."