diff --git a/osu.Game/Online/API/ModSettingsDictionaryFormatter.cs b/osu.Game/Online/API/ModSettingsDictionaryFormatter.cs
index dd854acc32..81ecc74ddb 100644
--- a/osu.Game/Online/API/ModSettingsDictionaryFormatter.cs
+++ b/osu.Game/Online/API/ModSettingsDictionaryFormatter.cs
@@ -3,11 +3,10 @@
 
 using System.Buffers;
 using System.Collections.Generic;
-using System.Diagnostics;
 using System.Text;
 using MessagePack;
 using MessagePack.Formatters;
-using osu.Framework.Bindables;
+using osu.Game.Utils;
 
 namespace osu.Game.Online.API
 {
@@ -24,36 +23,7 @@ namespace osu.Game.Online.API
                 var stringBytes = new ReadOnlySequence<byte>(Encoding.UTF8.GetBytes(kvp.Key));
                 writer.WriteString(in stringBytes);
 
-                switch (kvp.Value)
-                {
-                    case Bindable<double> d:
-                        primitiveFormatter.Serialize(ref writer, d.Value, options);
-                        break;
-
-                    case Bindable<int> i:
-                        primitiveFormatter.Serialize(ref writer, i.Value, options);
-                        break;
-
-                    case Bindable<float> f:
-                        primitiveFormatter.Serialize(ref writer, f.Value, options);
-                        break;
-
-                    case Bindable<bool> b:
-                        primitiveFormatter.Serialize(ref writer, b.Value, options);
-                        break;
-
-                    case IBindable u:
-                        // A mod with unknown (e.g. enum) generic type.
-                        var valueMethod = u.GetType().GetProperty(nameof(IBindable<int>.Value));
-                        Debug.Assert(valueMethod != null);
-                        primitiveFormatter.Serialize(ref writer, valueMethod.GetValue(u), options);
-                        break;
-
-                    default:
-                        // fall back for non-bindable cases.
-                        primitiveFormatter.Serialize(ref writer, kvp.Value, options);
-                        break;
-                }
+                primitiveFormatter.Serialize(ref writer, ModUtils.GetSettingUnderlyingValue(kvp.Value), options);
             }
         }
 
diff --git a/osu.Game/Utils/ModUtils.cs b/osu.Game/Utils/ModUtils.cs
index c12b5a9fd4..596880f2e7 100644
--- a/osu.Game/Utils/ModUtils.cs
+++ b/osu.Game/Utils/ModUtils.cs
@@ -3,8 +3,11 @@
 
 using System;
 using System.Collections.Generic;
+using System.Diagnostics;
 using System.Diagnostics.CodeAnalysis;
 using System.Linq;
+using osu.Framework.Bindables;
+using osu.Game.Online.API;
 using osu.Game.Rulesets.Mods;
 
 #nullable enable
@@ -129,5 +132,38 @@ namespace osu.Game.Utils
             else
                 yield return mod;
         }
+
+        /// <summary>
+        /// Returns the underlying value of the given mod setting object.
+        /// Used in <see cref="APIMod"/> for serialization and equality comparison purposes.
+        /// </summary>
+        /// <param name="setting">The mod setting.</param>
+        public static object GetSettingUnderlyingValue(object setting)
+        {
+            switch (setting)
+            {
+                case Bindable<double> d:
+                    return d.Value;
+
+                case Bindable<int> i:
+                    return i.Value;
+
+                case Bindable<float> f:
+                    return f.Value;
+
+                case Bindable<bool> b:
+                    return b.Value;
+
+                case IBindable u:
+                    // A mod with unknown (e.g. enum) generic type.
+                    var valueMethod = u.GetType().GetProperty(nameof(IBindable<int>.Value));
+                    Debug.Assert(valueMethod != null);
+                    return valueMethod.GetValue(u);
+
+                default:
+                    // fall back for non-bindable cases.
+                    return setting;
+            }
+        }
     }
 }