The arp definitely gets old quick. It's also way loud at times... has way too much dynamics. You should use a compressor to tame the peaks and bring the dynamics under control.
It sounds like there is a song playing in the background... the arp sound just distracts you from hearing it.
Also at 1:35, I expected it to drop way harder. The build up was good, built some energy, and then it just kinda flopped into the meat of the track... which wasn't much. But you are new to this, and it will take time to figure out how to control the energy of the song... A good tip is to have parts of contrast in your song. Use your sounds to change the focal point of the track. Like Kevin said, that arp sound goes way too long. It would have been a great change up if you switched the focal point by dropping the arp at 1:35, and let the bass play the lead. You could achieve this by layering a bass sound with higher frequency content (like a raspy sounding bass made from saw/sqaure waves), and playing it like a lead instrument... and have the sub support the lead.
Also another tip for your build ups... Sometimes just dropping everything in directly after the build up kills the energy you amassed during the build up. It sounds like this is the case on this track. If you put like a one bar gap after your build, and fill it with some sort of pitch sweep, or a tease of the bass... or something, and then drop everything in... It might keep the energy a little better. This is because of the contrast between the build and the meat of the track. You have all this energy going into the build, and then it breaks to something that is not quite as much energy, but also not a stark contrast. This only serves to bring the energy level down. However if you build all that energy, then you cut to alot less energy for a bar, when you bring the full track in it seems to keep a lot more energy because that which came before it had almost no energy at all... so It sounds like the track jumps in energy level as opposed to falling in energy level.
Not a bad attempt. Definitely keep working at it, as you have plenty of potential.