In a small mixing bowl, whisk the olive oil, lime juice, cumin, salt, pepper, and hot sauce together.
In a separate large mixing bowl, combine the black-eyed peas, corn, bell pepper, onions, and avocado. Fold gently to combine.
Sprinkle with cilantro then drizzle with the dressing.
Fold to combine once more and serve with corn chips, crackers, or veggies.