Arch Blender repos are pretty on-top of the Blender updates, so you can usually trust the pacman repo if you are looking for the latest Blender version.

sudo pacman -S blender

Pacman vs Flatpak Python for Add-ons

Pacman/Arch blender relies on system python installation. If you use a lot of addons, you may run into issues. In that case, sudo pacman -R blender to uninstall blender and use Flatpak version instead. It packs its own python libraries into blender to ensure this is not an issue. flatpak install org.blender.Blender/x86_64/stable. I PREFER THE FLATPAK AT THE MOMENT.

If you want the most recent Blender LTS version as well then you can install it via the AUR yay or paru repo. (This one also has its own python so addons will not run into that issue here.)

paru -S blender-lts-bin

Keybind Conflict

Be sure if you are installing with gnome, kde or cinnamon, that you swap the alt-mouse with super-mouse to avoid blender navigation conflicts. See the Blender Documentation for details.

Auto Updates

All of these will update on their own, although whether that happens automatically will depend on your system update settings and your system maintenance configurations on Arch Linux or CachyOS.

You can update your system with sudo pacman -Syu or in run cachyos-hello and select update system to update all Pacman, AUR and Flatpak installations.