Fungal mycelial networks are essential for translocating and storing water, nutrients, and carbon in forest ecosystems. In particular, wood decay fungi form mycelial networks that connect various woody debris on the forest floor. Understanding their foraging strategies is crucial for complehending the role of mycelium in carbon and nutrient cycling in forests. Previous studies have shown that mycelial networks initiate migration from the original woody resource (inoculum) to a new woody resource (bait) if the latter is sufficiently large but not if it is small. However, the impact of energetic costs during foraging, such as the distance to the bait, has not been considered. In the present study, we conducted full-factorial experiments with two factors, bait size (4 and 8 cm3) and distance from the inoculum (1 and 15 cm). An inoculum wood block, colonized by the wood decay fungus Phanerochaete velutina, was placed in one corner of a bioassay dish (24 cm × 24 cm) filled with unsterilized soil. Once the mycelium grew onto the soil to a distance >15 cm from the inoculum, a sterilized new bait wood block (of either size) was placed on the soil at one of the two distances to be colonized by the mycelia from the inoculum. After 50 days of incubation, the baits were harvested, and their dried weight was measured to calculate the absolute weight loss during incubation. The inoculum wood blocks were retrieved and placed on a new soil dish to determine whether the mycelium would grow out onto the soil again. If no growth occurred within 8 days of additional incubation, we concluded that the mycelium had migrated from the inoculum to the bait. The results showed that mycelia in inocula coupled with baits positioned 1 cm away migrated to the baits more frequently than those with baits positioned 15 cm away. A structural equation model revealed that bait weight loss (energy gain) and hyphal coverage on the soil (foraging cost) significantly influenced mycelial migration decisions. These findings suggest that fungal mycelia may employ their own foraging strategies based on energetic benefits.