I have created a simple example which will hopefully help JSFiddle. I think one of the issues was your initialization of the second slider so I have changed it to default to 0 and have a step of 1.
HTML
<div id="slider_1"></div>
<div id="slider_2"></div>
<input id="amount"></input>
Javascript
$(function() {
var weightSliderValue = 0;
var exerciseSliderValue = 0;
function changeValue(){
var currentSliderValue = weightSliderValue - exerciseSliderValue;
$( "#amount" ).val( currentSliderValue );
}
$( "#slider_1" ).slider({
value:100,
min: 0,
max: 500,
step: 50,
slide: function( event, ui ) {
weightSliderValue = ui.value;
changeValue();
}
});
$( "#slider_2" ).slider({
value:0,
min: 0,
max: 9,
step: 1,
slide: function( event, ui ) {
exerciseSliderValue = ui.value;
changeValue();
}
});
});
Each slider move sets its corresponding variable then calls changeValue. This function is where you could create a more complex function to relate the two value for the moment I have just subtracted exercise from weight. I hope this helps