The Gunners have finished above Spurs in the Premier League in every season since the 1994-95 campaign.
However, Freund, who played for Tottenham 131 times between 1998 and 2003, believes that his side are close to bringing that record to an end.
"Spurs are really close to Arsenal," said Freund. "We are definitely in a better position.
"In my time they used to be involved in the title race every year and we finished ninth or 10th. That has changed now. We are really close to our biggest rival."
There have been 46 goals in the last 10 North London derbies.