In a large dry skillet over medium high heat, combine Honey Bunches of Oats cereal and cashews and toast until golden brown and fragrant; about 5 minutes.
Remove from pan and place in a large bowl. Return pan to heat. Add vegetable oil, curry powder, mustard seeds, cumin seeds and cayenne pepper. Stir and cook for 30 seconds. Turn off heat.
Pour curry mixture over toasted cereal and nuts in the large bowl. Add the wasabi peas, sesame sticks, raisins and salt. Toss to combine.