A good quality brand of silicon diff oil will be what you need for a 1/8 scale nitro buggy.
Depends whats around where your located. Venom would be ok to use, I just put that in my front diff, 7000Wt. Check you LHS to see what they stock.
Try something like 5000Wt to start with or a little higher, like 7000wt, depends on the set up you want, thicker will give less slippage front to back but might make the car harder to handle in corners. I have 7000Wt front, 5000Wt centre & putting 4000wt in the rear. But I'm trying to set it up for handling on the track & not just bashing so it depends what you do. If bashing then probably could go a little thicker. 7000Wt seems pretty thick though.