Arancio first played at Fiamma Catania, moving to Amatori Catania in 1986/87, where he would remain until 1995/96. He played for a season at Amatori Rugby Milano, in 1996/97, moving afterwards to the French side of RC Toulonnais, where he played in 1997/98. Returning to Italy, he played at Benetton Rugby Treviso for two seasons, from 1998/99 to 1999/2000, being Italian Champion in 1998/99. Arancio played two seasons at Rugby Bologna 1928 (2000/01-2001/02). He then returned to Amatori Catania, where he would play for four seasons, from 2002/03 to 2005/06. His final team would be San Gregorio Rugby, from 2006/07 to 2009/10, finishing his career aged 43 years old. He became player and head coach at the season of 2008/09. He is still head coach at the current season.