Spurs finished ahead of the Gunners in the Premier League last term.
Mauricio Pochettino’s side also look more convincing than their rivals this season and are four points ahead in the table.
The two sides will lock horns on Saturday.
And Parlour, who played over 400 games for Arsenal, says Spurs are currently top dogs.
“It does hurt, I must admit,” he told AskFans.
“I have lots of people ask me ‘Who is the best side, Tottenham or Arsenal?’ and I have to say the league doesn’t lie.