This arpeggio occurs in bar 12. In the previous bar (11) you've played a G major arpeggio, V in the key of C.
In bar 12, the G is maintained as a pedal and also functions as a chord tone with the other four notes to form a full diminished chord on Bb. This ambiguous harmony then resolves to D minor in bar 13, with F in the bass, making that resolution a ii6 chord.
The diminished chord substitutes for and functions as a secondary dominant.
Think of it this way: If, in bar 12, the Bb had been an A and all the rest of the notes stayed as written, you would have an A2 chord (A major dominant 7th chord, third inversion with the 7th in the bass). That chord would be the dominant of d (V of ii) which is where the diminished chord is resolved in bar 13.
At least that's my analysis.
But, in any case, the chord you've targeted is a full diminished chord since, in its most compact form, it is constructed entirely of minor thirds.