Add the vinegar, ketchup, honey, Worcestershire sauce, soy sauce, paprika, garlic powder, and onion powder to a blender. Cover and blend.
With the blender running on low speed, open the lid vent and slowly add the oil, blending until combined. Taste and adjust for salt and pepper.
Refrigerate in an airtight container or sealed jar for 2-24 hours before serving to allow the flavors to meld.
Shake the jar before serving.
