If using wooden skewers, soak them in water for at least 20 minutes to prevent burning.
In a bowl, toss the chicken pieces with olive oil, garlic powder, paprika, salt, and black pepper until evenly coated.
Thread the seasoned chicken onto skewers, leaving a little space between each piece.
Preheat the air fryer to 400°F (200°C).
Arrange the skewers in the air fryer basket in a single layer without overcrowding.
Air fry for 10–12 minutes, flipping halfway through, until the chicken is cooked through and lightly charred.
While the chicken cooks, whisk together mayonnaise, sweet chili sauce, sriracha, honey, and lime juice in a bowl until smooth.
Brush the cooked chicken skewers generously with the bang bang sauce.
Serve warm with extra sauce on the side if desired.