Whisk together the 4 tbsp mayonnaise, 1 tbsp sriracha, and 1 tsp hot sauce in a small bowl for about 30 seconds until the color is uniform and no white patches remain.

Add the 1 tsp apple cider vinegar, ½ tsp cayenne, ½ tsp smoked paprika, ¼ tsp garlic powder, ¼ tsp onion powder, ¼ tsp sugar, and ¼ tsp salt, then whisk for 1 minute until fully combined and deep orange-red throughout.

Taste and adjust heat with additional cayenne in ⅛ tsp increments, or a pinch more sugar if the sauce tastes too sharp.

Spoon into a serving bowl, drizzle with a little extra sriracha, and dust the top with smoked paprika before serving.