Prepare the Onion: Peel the onion and leave the root intact. Slice off the top ½ inch. Make 12–16 vertical cuts from top to root without cutting through the root. Gently spread the petals outward to form a flower.
Make the Batter: In one bowl, mix flour, paprika, cayenne, garlic powder, onion powder, salt, and pepper. In another bowl, whisk together eggs and milk until smooth.
Coat the Onion: Dip the onion into the egg mixture, making sure all petals are coated. Then coat it in the flour mixture, pressing gently to stick. For extra crunch, repeat with eggs and flour or breadcrumbs.
Fry the Onion: Heat oil to 350°F (175°C). Carefully place the onion root-side up in the hot oil. Fry for 8–10 minutes until golden brown. Remove and drain on paper towels.
Prepare the Dipping Sauce: Mix all sauce ingredients in a bowl until smooth. Chill for 30 minutes for best flavor.
Serve: Place the onion on a serving plate and put the dipping sauce in the center. Enjoy crispy petals with creamy sauce!