Edmonton went on the power play after Florida's Scottie Upshall was called for tripping 32 seconds into the extra period and Arcobello rifled a slap shot from the left circle that got past Florida goalie Jacob Markstrom 1:23 later.
Upshall scored two third-period goals and Marcel Goc also scored for the Panthers. Markstrom stopped 23 shots.
Florida has lost six straight and nine of its past 10.
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