Whisk the base: In a medium bowl, combine peanut butter, soy sauce, lime juice, rice vinegar, honey, sesame oil, garlic, ginger, and sriracha.
Add warm water gradually: Whisk in 1 tablespoon at a time until smooth. For a dip, use less water. For a pourable dressing, add more.
Taste and adjust: Add more lime for brightness, soy for salt, honey for sweetness, or sriracha for heat.
Rest 5 minutes: Let flavors meld. Whisk again before serving.
For thick dip: 1–2 tablespoons water total.
For salad dressing: 3–5 tablespoons water.
For noodle sauce: Loosen with warm water right before tossing with noodles.