01 - Preheat oven to 275°F and line a large baking sheet with parchment paper.
02 - Place mini pretzel twists, bagel chips, and peanuts (if using) in a large mixing bowl.
03 - In a small bowl, whisk melted butter with ranch seasoning, everything bagel seasoning, garlic powder, and onion powder until fully blended.
04 - Pour seasoned butter mixture over the dry ingredients. Toss thoroughly with a spatula until all pieces are evenly coated.
05 - Spread coated mixture evenly onto prepared baking sheet. Bake for 25 minutes, stirring halfway through the baking process, until the mixture is dry and fragrant.
06 - Remove tray from oven and allow contents to cool completely. Transfer to an airtight container or serve as desired.