Several classical knot invariants, such as the Alexander polynomial, the Levine-Tristram signature, and the Blanchfield pairing, admit natural extensions from knots to links, and more generally, from oriented links to so-called colored links. In this note, we explore such extensions of the Arf invariant. Inspired by the three examples stated above, we use generalized Seifert forms to construct quadratic forms and determine when the Arf invariant of such a form yields a well-defined invariant of colored links. However, apart from the known case of oriented links, these new Arf invariants turn out to be determined by the linking numbers.