Combine mayonnaise, sriracha, and lime juice in a small bowl. Whisk until homogenous and refrigerate until service.
In a shallow dish, combine flour, garlic powder, smoked paprika, salt, and pepper.
Dredge chicken strips in the seasoned flour, dip into the beaten eggs, and coat once more in the flour mixture to ensure a thick crust.
Heat 1 inch of oil in a heavy skillet to 350°F (175°C). Fry chicken strips in batches for 3 to 4 minutes per side until golden brown and the internal temperature reaches 165°F (74°C). Drain on a wire rack.
In a separate large skillet over medium heat, melt the butter. Add the minced garlic and sauté for 1 minute.
Whisk in the honey and soy sauce. Simmer the mixture for 2 minutes until it thickens into a glaze.
Add the fried chicken strips to the glaze skillet and toss gently to coat each piece thoroughly.
Transfer chicken to a serving platter and serve immediately with the chilled chili dip.