Standing in their way are Burnley, who are battling to stay clear of the bottom after failing to win any of their last four games.
Dyche is once again the man trying to mastermind their survival, and he is into his ninth season at Burnley.
The 49-year-old is currently the Premier League’s longest-serving manager after being appointed in 2012.
And asked if he could stay at a club for nearly 10 years, like Dyche, Arteta said: “Of course I can.
“If you are happy where you are and, most importantly, if they are happy with the job you are doing, I think it’s a really strong relationship.
“I think what he’s done is remarkable and the way he’s kept the team in the Premier League. But in this job I think you have to go almost day by day.
“To have that stability in football is really complicated. But when you have that stability you have good leadership, you have very clear ownership to take the club where they want and you generate some trust between the big decision makers at the club, [and] I think anything is possible.
“Going through difficult moments if you are clear that this is the route we are taking and we’re not going to hesitate because of one of two results, I think at the end really nice things can come out.
“So for me that’s the main advantage – that players, staff and everybody knows that we are where we are, and we believe what we do, and things are not going to be shaken every single time something happens. I think that brings a lot of security and stability to a football club.”
Arteta has only been with Arsenal since December 2019 and he has had some ups and downs during that time.
The Spaniard led the side to FA Cup glory last August, but since then they have struggled and are currently 10th in the Premier League.
When asked how close Arsenal are to being the team he wants, Arteta said: “Very far. Very, very far.
“There’s still a lot to improve, a lot of quality to add. [We need to be] much more efficient in decision making, much quicker to open situations up when advantages are there.
“More control of games, more defensive actions in the opponent’s half, fewer giveaways in our own half, more clean sheets. There’s a lot to do – more goals to score, more creativity. A lot to do.”