Oh, it seems I totally forgot to add that it is an Nvidia RTX 4080 (fixed that). And the drivers are the latest in the Arch repos. But it happened with previous versions too. The monitors are connected via Display cable, and switching / reseating those was one of the first things I tried. If it is a hardware failure, wouldn’t it happen all the time, or at least not under so specific circumstances? I play other games like Red Dead Redemption 2 that similarly tax my GPU, but never noticed anything like this.
I never updated a gpus firmeware and neither on the arch wiki or anywhere else did i find info about that. The only thing i know is that the propriatary Nvidia and the Nouveau drivers ship with firmware blobs for parts of the gpu. The tool “fwupdmgr” does detect my nvidia card but also has no updates for it.
But i think it is more likely software related. I cant imagine a hardware failure could make windows partially transparent (tho that could just be lacking imagination).