AbstractThis study presents an assessment of benthic nutrient regeneration and its role for the nutrient budget of the outer Laptev and East Siberian shelf sea. Porewater profiles of the major nutrients dissolved silica (DSi), dissolved inorganic nitrogen (DIN), and dissolved inorganic phosphate (DIP) as well as total dissolved iron (DFe) were evaluated with a one‐dimensional reaction transport model to derive net reaction rates and benthic nutrient fluxes from shelf and slope 16 stations. Integrated over the shelf area the benthic fluxes of DSi, DIN, and DIP were found to be 7.1, 1.2, and 0.5 Gmol/year in the Laptev Sea and 29.8, 9.5, and 2.8 Gmol/year in East Siberian Sea, respectively. A comparison of the ratios of the benthic nutrient fluxes with marine and riverine inputs and Arctic plankton stoichiometry indicate substantial benthic nitrogen loss likely due to denitrification relative to DIP and DSi. Our benthic flux estimation is likely a low estimate of benthic nutrient fluxes considering potentially higher regeneration rates of nutrients from more productive, bioturbated near‐shore sediments. The estimate emphasizes the role of benthic nutrient fluxes by returning nutrients with a fundamentally different stoichiometry to bottom waters from that of Arctic marine phytoplankton, riverine sources, and open water inflow. With a simple box model, we provide a snapshot of today's nutrient budget in the two seas and estimate that about 10%–20% of nutrients required by primary production are derived from sediments. This proportion is expected to increase for a future warmer Arctic continental shelf in response to increasing primary production.