Place all the ingredients into a small bowl.
2 cups mayonnaise, ½ cup freshly squeezed lime juice, 4 teaspoons chili powder, 2 teaspoon garlic powder, 2 teaspoon onion powder, 2 teaspoon ground cumin, 1 teaspoon smoked paprika, ½ teaspoon kosher salt, ¼ teaspoon cayenne pepper