diff --git a/src/core/system.cpp b/src/core/system.cpp
index 7021b34f4..9b6b792a3 100644
--- a/src/core/system.cpp
+++ b/src/core/system.cpp
@@ -2368,6 +2368,11 @@ bool LoadRewindState(u32 skip_saves /*= 0*/, bool consume_state /*=true */)
   return true;
 }
 
+bool IsRewinding()
+{
+  return (s_rewind_load_frequency >= 0);
+}
+
 void SetRewinding(bool enabled)
 {
   if (enabled)
diff --git a/src/core/system.h b/src/core/system.h
index 551a2710c..5c7a34a57 100644
--- a/src/core/system.h
+++ b/src/core/system.h
@@ -237,6 +237,7 @@ void CalculateRewindMemoryUsage(u32 num_saves, u64* ram_usage, u64* vram_usage);
 void ClearMemorySaveStates();
 void UpdateMemorySaveStateSettings();
 bool LoadRewindState(u32 skip_saves = 0, bool consume_state = true);
+bool IsRewinding();
 void SetRewinding(bool enabled);
 void SetRunaheadReplayFlag();
 
diff --git a/src/frontend-common/common_host_interface.cpp b/src/frontend-common/common_host_interface.cpp
index d6b2dc530..14078a7b6 100644
--- a/src/frontend-common/common_host_interface.cpp
+++ b/src/frontend-common/common_host_interface.cpp
@@ -2069,9 +2069,13 @@ void CommonHostInterface::SetRewindState(bool enabled)
       return;
     }
 
-    AddOSDMessage(enabled ? TranslateStdString("OSDMessage", "Rewinding...") :
-                            TranslateStdString("OSDMessage", "Stopped rewinding."),
-                  5.0f);
+    if (!m_fullscreen_ui_enabled)
+    {
+      AddOSDMessage(enabled ? TranslateStdString("OSDMessage", "Rewinding...") :
+                              TranslateStdString("OSDMessage", "Stopped rewinding."),
+                    5.0f);
+    }
+
     System::SetRewinding(enabled);
     UpdateSpeedLimiterState();
   }
diff --git a/src/frontend-common/fullscreen_ui.cpp b/src/frontend-common/fullscreen_ui.cpp
index 31e4cc4b8..52fdd0d98 100644
--- a/src/frontend-common/fullscreen_ui.cpp
+++ b/src/frontend-common/fullscreen_ui.cpp
@@ -3420,10 +3420,14 @@ void DrawStatsOverlay()
       DRAW_LINE(g_large_font, g_large_font->FontSize, 0.0f, IM_COL32(255, 255, 255, 255));
     }
 
-    if (s_show_status_indicators && (s_host_interface->IsFastForwardEnabled() || s_host_interface->IsTurboEnabled()))
+    if (s_show_status_indicators)
     {
-      text.Assign(ICON_FA_FAST_FORWARD);
-      DRAW_LINE(g_large_font, g_large_font->FontSize * 2.0f, margin, IM_COL32(255, 255, 255, 255));
+      const bool rewinding = System::IsRewinding();
+      if (rewinding || s_host_interface->IsFastForwardEnabled() || s_host_interface->IsTurboEnabled())
+      {
+        text.Assign(rewinding ? ICON_FA_FAST_BACKWARD : ICON_FA_FAST_FORWARD);
+        DRAW_LINE(g_large_font, g_large_font->FontSize * 2.0f, margin, IM_COL32(255, 255, 255, 255));
+      }
     }
   }
   else if (s_show_status_indicators && state == System::State::Paused)