In a medium bowl, combine the butter and all the spices until well mixed. Place the mixture onto a large piece of plastic wrap, and shape into the shape of a log.
1 cup unsalted butter, 1 tablespoon paprika, 2 teaspoons salt, 2 teaspoons garlic powder, 2 teaspoons white pepper, 1 teaspoon onion powder, 1 teaspoon oregano, 1 teaspoon cayenne pepper, ½ teaspoon thyme