diff --git a/app/components/UI/Rewards/components/Campaigns/OndoActivityRow.test.tsx b/app/components/UI/Rewards/components/Campaigns/OndoActivityRow.test.tsx
index 18be482b848..38d0b2dd162 100644
--- a/app/components/UI/Rewards/components/Campaigns/OndoActivityRow.test.tsx
+++ b/app/components/UI/Rewards/components/Campaigns/OndoActivityRow.test.tsx
@@ -104,6 +104,18 @@ describe('OndoActivityRow', () => {
     expect(getByText('—')).toBeDefined();
   });
 
+  it('renders rebalance entry USD without a plus sign for positive amounts', () => {
+    const { getByText } = render(
+      <OndoActivityRow
+        entry={createEntry({ type: 'REBALANCE', usdAmount: '5000.000000' })}
+      />,
+    );
+
+    expect(getByText('Rebalance')).toBeDefined();
+    // formatUsd (rebalance) has no '+'; deposit/withdraw still use mocked formatSignedUsd
+    expect(getByText(/^\$5,000/)).toBeDefined();
+  });
+
   it('renders external outflow entry with shortened destAddress', () => {
     const { getByText } = render(
       <OndoActivityRow
diff --git a/app/components/UI/Rewards/components/Campaigns/OndoActivityRow.tsx b/app/components/UI/Rewards/components/Campaigns/OndoActivityRow.tsx
index 9f95a2836ec..c9629e36f2a 100644
--- a/app/components/UI/Rewards/components/Campaigns/OndoActivityRow.tsx
+++ b/app/components/UI/Rewards/components/Campaigns/OndoActivityRow.tsx
@@ -29,6 +29,7 @@ import {
   formatRewardsDate,
   formatRewardsTimeOnly,
   formatSignedUsd,
+  formatUsd,
   getChainHex,
   shortenAddress,
 } from '../../utils/formatUtils';
@@ -51,6 +52,24 @@ const LABEL_KEY_MAP: Record<ActivityEntryType, string> = {
 const tokenLabel = (token: ActivityTokenDto): string =>
   token.tokenSymbol || token.tokenName;
 
+/** Rebalance USD is not portfolio P&L; omit the '+' used for signed inflows/outflows. */
+const formatActivityUsd = (
+  usdAmount: OndoGmActivityEntryDto['usdAmount'],
+  entryType: ActivityEntryType,
+): string => {
+  if (entryType !== 'REBALANCE') {
+    return formatSignedUsd(usdAmount);
+  }
+  if (usdAmount === null) {
+    return '—';
+  }
+  const num = typeof usdAmount === 'number' ? usdAmount : parseFloat(usdAmount);
+  if (Number.isNaN(num)) {
+    return '—';
+  }
+  return formatUsd(usdAmount);
+};
+
 interface OndoActivityRowProps {
   entry: OndoGmActivityEntryDto;
   timeOnly?: boolean;
@@ -123,7 +142,7 @@ const OndoActivityRow: React.FC<OndoActivityRowProps> = ({
             {label}
           </Text>
           <Text variant={TextVariant.BodyMd} fontWeight={FontWeight.Medium}>
-            {formatSignedUsd(entry.usdAmount)}
+            {formatActivityUsd(entry.usdAmount, entryType)}
           </Text>
         </Box>