Preheat air fryer to 400°F for 5 minutes while preparing wings.
Pat wings completely dry with paper towels; toss in a large bowl with 1 tablespoon neutral oil, 1 teaspoon kosher salt, 0.5 teaspoon black pepper, 1 tablespoon chili powder, 1 teaspoon smoked paprika, and 0.5 teaspoon garlic powder until evenly coated.
Place wings in a single layer in the air fryer basket with space between pieces; cook at 400°F for 10 minutes, flip, then cook 8–12 minutes more until skin is deeply browned and crisp and internal temp reads 165°F.
While wings cook, combine honey, fresh lime juice, lime zest, 1 tablespoon soy sauce, and optional 1 tablespoon butter in a small saucepan; simmer over medium-low 2–3 minutes until slightly reduced and glossy.
Transfer hot wings to a large bowl, pour the warm chili-lime glaze over them, and toss until evenly coated; if glaze is too thin, return to saucepan 1–2 minutes to reduce then toss again.
Serve immediately garnished with chopped cilantro and lime wedges; for extra blistering, return glazed wings to air fryer at 400°F for 1–2 minutes and watch closely.