In a bowl, mix the cream cheese, cheddar cheese, ⅓ cup of the bacon bits, lime juice, garlic powder, onion powder, and cayenne pepper. Set aside for now.
Prepare the jalapeños by cutting them in half lengthwise and de-seed them. If you want them to be super spicy just scoop out the seeds and leave the membrane intact. If you want a medium spice, run a paper towel through the center of each jalapeño to remove some of the spice.
Scoop some of the cream cheese filling into each jalapeño. Wash hands thoroughly after finishing.
Fry them in the air fryer for 7 minutes at 370 degrees Fahrenheit. Do not overcrowd the fryer.
Once done, remove and let cool. Top with the rest of the bacon and chopped cilantro (optional). Plate and serve.