In a large bowl, mix the shredded cheese, cream cheese, and diced jalapenos. Mix well.
Use your hands to form about 1 to 1 1/2 balls, squeezing tightly. Continue until you have used all of the cheese/jalapeno mixtures up.
Place the balls on a piece of parchment paper on a baking sheet. pop the baking sheet into the freezer until the cheese balls are frozen solid (about 30 to 60 minutes)
Set up your breading station. You will need three small bowls. In one bowl, add the flour and cayenne pepper. In the second bowl, add the eggs (whisk them with a fork), and in the third bowl, add the bread crumbs.
Then coat the cheese balls into the flour, then the egg, and finally the bread crumbs.
Spray your air fryer basket with cooking spray. As you coat your cheeseballs, add them to the air fryer basket or on the air fryer tray.
Spray the coating GENEROUSLY with cooking spray. Set the temperature to 350 degrees F, air fryer setting for 5-8 minutes.
Plate, serve, and enjoy!