Why can the same token pair show three very different prices on Uniswap V3?

I noticed that the same PAX/USDT pair currently appears across three Uniswap V3 pools with very different displayed prices.

One pool shows around $0.34, another around $0.92, and a very small pool shows around $0.968.

My understanding is that each pool has its own liquidity range and reserves, so the displayed price can diverge when liquidity is fragmented. The smallest pools may also show extreme price movements even when very little capital is involved.

Would arbitrage normally bring these prices back together, or can low liquidity and routing limitations leave the pools disconnected for a long time?

Interested in hearing how experienced Uniswap LPs interpret this.