Add beans, water, and salt to your Instant Pot. Cook on MANUAL using high pressure for 25 minutes. Allow the pressure to naturally release.
Remove the lid and pour the beans into a strainer, rinse with cold water and set aside.
Set Instant Pot to SAUTE and heat the bacon until it starts to brown. Drain some of the grease, then add the onions and cook until tender.
Turn the Instant Pot off and add ketchup, BBQ sauce, Chiles, Syrup, and mustard. Stir, making sure to scrape the bottom of the Instant Pot. Add the beans back into the Instant Pot and stir until completely combined.
Replace the lid, turn the steam valve to SEALING and cook on MANUAL for 15 minutes. Naturally release the pressure and stir before serving.