By default, each character entered into the raid gets 120xp - win or lose.
Each raid won has a chance at two drops, a common drop, and a rare drop. Your chance depends on the character's power (with a weapon) compared to the average.
Common Drops
LB Dust
2-3 Star Weapons
1-3 Star Junk
Rare Drops
4 - 5 Star Weapons
4 - 5 Star Junk
Key Boxes
4B & 5B Dust
5% of players get a bonus XP Roll on a victory:
2.5% get 300 XP
1.5% get 600 XP
0.5% get 900 XP
0.3% get 1500 XP
0.15% get 3000 XP
0.05% get 6000 XP