Villa have climbed above the Gunners on the table after a superb start tot he season.
O’Neill told the Birmingham Mail: “I genuinely don’t see it like that.
“It’s not me playing it down but I think the other four sides have had the experience, they’ve got bigger squads than we possess and they have the capabilities as well.
“And that’s all those four sides including Arsenal, who are supposed to be in a bit of a predicament at the moment, but I don’t see it like that, absolutely not.
“All those four sides are capable of winning four on the trot or taking 13 points from 15.
“For us to do that is exceptionally hard work.”