Phantasmal Blue vs Arcane Blue

How close are they?

ΔE 17.5, loose: different enough that you should pick on purpose. Arcane Blue is noticeably lighter, more muted, warmer than Phantasmal Blue.

Can I use Arcane Blue instead of Phantasmal Blue?

Not as a straight swap; see the closer alternatives below. Loose match (ΔE 17). Arcane Blue is noticeably lighter, more muted, warmer than Phantasmal Blue.

Can I use Phantasmal Blue instead of Arcane Blue?

The same difference applies the other way round: Phantasmal Blue is noticeably darker, more saturated, cooler.

ΔE is the colour difference between our two swatch estimates: under about 6 is close, over about 15 is loose. Real paints also differ in finish, coverage and how they thin, so test before you commit.