Methods, systems, and computer readable media for intelligent fetching of storage device commands from submission queues are disclosed. The controller may implement a hierarchical scheme comprising first-level arbitration(s) between submission queues of each of a plurality of input/output virtualization (IOV) functions, and a second-level arbitration between the respective IOV functions. Alternatively, or in addition, the controller may implement a flat arbitration scheme, which may comprise selecting submission queue(s) from one or more groups, each group comprising submission queues of each of the plurality of IOV functions. In some embodiments, the controller implements a credit-based arbitration scheme. The arbitration scheme(s) may be modified in accordance with command statistics and/or current resource availability.
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