ADA Reddit Mentions | ChartExchange

Hello guys, for the past 2 weeks I have been trying to farm rewards from the Omni Variational DEX. What I have right now is a script that opens 2 positions in 2 Variational accounts. Account A opens a short position, Account B opens a long position, on the same token. Both of my accounts have 400 USDC in them.
I have tried large caps like BTC, ETH, and SOL, but after a bit of research I have found out that their OI (Open Interest) is very high and the points given are just too little, so it is not worth it. Then I changed to tokens with smaller OI like XRP, LINK, and ADA. I held the positions for 4–16 hours; the results were underwhelming — across both accounts, 2.84 points, with the current price per point at $15–$21. I also got an $83 loss refund. I will not count this refund in the profitability of the strategy because it is basically a lottery — maybe you get it, maybe you don't.
Over the first week of testing I lost around 30 USDC (tax for depositing, $0.1 for the rebalance gas fees in MetaMask to send from one wallet to another, and the biggest thing: slippage). The lower the OI, the bigger the slippage. I have found out that spamming volume is basically not worth it, because the slippage just slowly bleeds the portfolio. I also count as slippage the price change between the times I open in Account A and Account B, even though it is under 1 second.
After that I thought maybe I need to change the tokens. I decided to use some low OI tokens (< 1M). The slippage there was brutal — I was using PENGU and 1000PEPE, and from these 2 positions I lost around 50 USDC just because of slippage.
My current strategy for this week is holding tokens with larger OI — right now XRP — for 2–4 days. That way I will have lower volume but a higher points multiplier and fewer costs. While doing my research I found out that very few people are actually running this strategy with 2 Variational accounts, but instead with accounts from different DEXs. That way they can take advantage of the funding rate (getting positive funding on both positions). Right now, with the current setup of 2 accounts on the same DEX, one position has positive and the other has negative funding, netting to 0 in realized PnL. Maybe that can offset things. I tried to look into this but I can't understand how people know how long a favorable funding rate position will remain. Maybe with experience you just know it will stay that way, but I have no prior knowledge and it's a bit of a black box how it will behave.
My question is a bit broad, but in order to have a working delta-neutral strategy, what should I do? Can I get away with the current strategy of running 2 accounts on one DEX, or is funding rate a big part of being neutral (no loss, or at least small loss)? Am I making a mistake with the tokens I am trading? I have read a lot of posts (mainly on X) from people who are profitable, or making a little loss while racking up points. I am not sure what I am missing.
For people who will ask: I set SL and TP for every position. The SL of the account that is short equals the TP of the account that is long, and vice versa. That way I am in no danger of liquidation — liquidation is always higher than the stop loss for the short and lower for the long.
Also, what DEX do you think I should be using? I am using Variational because of the 0% fees (though there are fees included in the spread, as far as I understand) and because of the points program.

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