In a medium mixing bowl, blend together paprika, salt, black pepper, garlic powder, cayenne pepper, and thyme. Add honey, coconut water, vinegar, and oil. Blend to form a paste.
Place onion in the bottom of a slow cooker, then place pork shoulder on top. Pour paste mixture on top of pork.
Cook pork in the slow cooker on low for 7 to 8 hours, or until meat is tender and easy to shred with a large fork. Cool completely.