Arslan/Daryoon is heavily implied. It's like Alexander the Great & Hephaestion with roles reversed.
The anime's character designer, Kamimura Sachiko, has done a series of BL illustrations featuring basically expies of Darun and Arslan. She denied any connection but it was pretty much a case of "well, just because one of them looks exactly like Darun and wears exactly the same outfit, and the other looks exactly like my version of adult Arslan, right down to the clothes, jewelry and weapon, doesn't mean it's them!"
Elam is extremely devoted to Narsus, and when Alfreed starts making overt moves on Narsus he becomes catty, as though he feels the need to defend his position as being closest to Narsus from the girl who might take him away.
Etoile was a girl in the source material, but in Hiromu Arakawa's manga adaptation and by extension the anime her gender has been swapped. Which means the bit at the beginning where Etoile and Arslan accidentally hold hands, complete with blushing? Yup, totally between two boys.
Episode 20 reveals Etoile is a girl, taking away the Ho Yay from the scene above.
Unless you consider Etoile to be a transgender boy, as evidenced by his rejection of his birth name and expressed discomfort with being called a girl. In that case, the scene retains its Ho Yay factor.
Rajendra has said a few times that he likes Arslan, calling him a brother at heart, he uses the term "daisuki" when referring to the "like."
"Daisuki" is of greater romantic connotation than "suki," (which would be used when describing the like one would have to a friend or family) and Japanese couples will more often use "daisuki" when saying "I love you" to each other, as "aishiteru," the word that has the greatest romantic connotation of "like" is to only be said to the person you are going to be with for the rest of your life.
Elam has a more soft and gentle atmosphere around him when he's with or talking to Arslan, and when it is pointed out that Elam acts friendly with Arslan by Gieve, Elam is quick to deny it.