diff --git a/pkg/compiler/assign_test.go b/pkg/compiler/assign_test.go
index ed5b5fe4a..f521d3a4a 100644
--- a/pkg/compiler/assign_test.go
+++ b/pkg/compiler/assign_test.go
@@ -4,7 +4,7 @@ import (
 	"math/big"
 	"testing"
 
-	"github.com/nspcc-dev/neo-go/pkg/vm"
+	"github.com/nspcc-dev/neo-go/pkg/vm/stackitem"
 )
 
 var assignTestCases = []testCase{
@@ -144,9 +144,9 @@ func TestManyAssignments(t *testing.T) {
 	src2 := `return a
 	}`
 
-	for i := 0; i < vm.MaxArraySize; i++ {
+	for i := 0; i < stackitem.MaxArraySize; i++ {
 		src1 += "a += 1\n"
 	}
 
-	eval(t, src1+src2, big.NewInt(vm.MaxArraySize))
+	eval(t, src1+src2, big.NewInt(stackitem.MaxArraySize))
 }
diff --git a/pkg/vm/context.go b/pkg/vm/context.go
index 49ba04353..8fa7afd98 100644
--- a/pkg/vm/context.go
+++ b/pkg/vm/context.go
@@ -97,7 +97,7 @@ func (c *Context) Next() (opcode.Opcode, []byte, error) {
 			err = errNoInstParam
 		} else {
 			var n = binary.LittleEndian.Uint32(c.prog[c.nextip : c.nextip+4])
-			if n > MaxItemSize {
+			if n > stackitem.MaxSize {
 				return instr, nil, errors.New("parameter is too big")
 			}
 			numtoread = int(n)
diff --git a/pkg/vm/contract_checks.go b/pkg/vm/contract_checks.go
index 9622d2781..1c8bfc4ea 100644
--- a/pkg/vm/contract_checks.go
+++ b/pkg/vm/contract_checks.go
@@ -6,6 +6,7 @@ import (
 	"github.com/nspcc-dev/neo-go/pkg/encoding/bigint"
 	"github.com/nspcc-dev/neo-go/pkg/vm/emit"
 	"github.com/nspcc-dev/neo-go/pkg/vm/opcode"
+	"github.com/nspcc-dev/neo-go/pkg/vm/stackitem"
 )
 
 var (
@@ -21,14 +22,14 @@ func getNumOfThingsFromInstr(instr opcode.Opcode, param []byte) (int, bool) {
 		nthings = int(instr-opcode.PUSH1) + 1
 	case instr <= opcode.PUSHINT256:
 		n := bigint.FromBytes(param)
-		if !n.IsInt64() || n.Int64() > MaxArraySize {
+		if !n.IsInt64() || n.Int64() > stackitem.MaxArraySize {
 			return 0, false
 		}
 		nthings = int(n.Int64())
 	default:
 		return 0, false
 	}
-	if nthings < 1 || nthings > MaxArraySize {
+	if nthings < 1 || nthings > stackitem.MaxArraySize {
 		return 0, false
 	}
 	return nthings, true
@@ -69,7 +70,7 @@ func ParseMultiSigContract(script []byte) (int, [][]byte, bool) {
 		}
 		pubs = append(pubs, param)
 		nkeys++
-		if nkeys > MaxArraySize {
+		if nkeys > stackitem.MaxArraySize {
 			return nsigs, nil, false
 		}
 	}
diff --git a/pkg/vm/interop.go b/pkg/vm/interop.go
index 7020124bb..f0dd90f35 100644
--- a/pkg/vm/interop.go
+++ b/pkg/vm/interop.go
@@ -93,7 +93,7 @@ func RuntimeSerialize(vm *VM) error {
 	data, err := stackitem.SerializeItem(item.value)
 	if err != nil {
 		return err
-	} else if len(data) > MaxItemSize {
+	} else if len(data) > stackitem.MaxSize {
 		return errors.New("too big item")
 	}
 
diff --git a/pkg/vm/stackitem/item.go b/pkg/vm/stackitem/item.go
index 07304b037..5d141c7f2 100644
--- a/pkg/vm/stackitem/item.go
+++ b/pkg/vm/stackitem/item.go
@@ -18,6 +18,12 @@ import (
 // MaxBigIntegerSizeBits is the maximum size of BigInt item in bits.
 const MaxBigIntegerSizeBits = 32 * 8
 
+// MaxArraySize is the maximum array size allowed in the VM.
+const MaxArraySize = 1024
+
+// MaxSize is the maximum item size allowed in the VM.
+const MaxSize = 1024 * 1024
+
 // Item represents the "real" value that is pushed on the stack.
 type Item interface {
 	fmt.Stringer
diff --git a/pkg/vm/vm.go b/pkg/vm/vm.go
index 9cb456583..5bd960b62 100644
--- a/pkg/vm/vm.go
+++ b/pkg/vm/vm.go
@@ -46,12 +46,6 @@ type ScriptHashGetter interface {
 }
 
 const (
-	// MaxArraySize is the maximum array size allowed in the VM.
-	MaxArraySize = 1024
-
-	// MaxItemSize is the maximum item size allowed in the VM.
-	MaxItemSize = 1024 * 1024
-
 	// MaxInvocationStackSize is the maximum size of an invocation stack.
 	MaxInvocationStackSize = 1024
 
@@ -653,7 +647,7 @@ func (v *VM) execute(ctx *Context, op opcode.Opcode, parameter []byte) (err erro
 
 	case opcode.NEWBUFFER:
 		n := toInt(v.estack.Pop().BigInt())
-		if n < 0 || n > MaxItemSize {
+		if n < 0 || n > stackitem.MaxSize {
 			panic("invalid size")
 		}
 		v.estack.PushVal(stackitem.NewBuffer(make([]byte, n)))
@@ -684,7 +678,7 @@ func (v *VM) execute(ctx *Context, op opcode.Opcode, parameter []byte) (err erro
 	case opcode.CAT:
 		b := v.estack.Pop().Bytes()
 		a := v.estack.Pop().Bytes()
-		if l := len(a) + len(b); l > MaxItemSize {
+		if l := len(a) + len(b); l > stackitem.MaxSize {
 			panic(fmt.Sprintf("too big item: %d", l))
 		}
 		ab := append(a, b...)
@@ -1001,7 +995,7 @@ func (v *VM) execute(ctx *Context, op opcode.Opcode, parameter []byte) (err erro
 	case opcode.NEWARRAY, opcode.NEWARRAYT:
 		item := v.estack.Pop()
 		n := item.BigInt().Int64()
-		if n > MaxArraySize {
+		if n > stackitem.MaxArraySize {
 			panic("too long array")
 		}
 		typ := stackitem.AnyT
@@ -1017,7 +1011,7 @@ func (v *VM) execute(ctx *Context, op opcode.Opcode, parameter []byte) (err erro
 	case opcode.NEWSTRUCT:
 		item := v.estack.Pop()
 		n := item.BigInt().Int64()
-		if n > MaxArraySize {
+		if n > stackitem.MaxArraySize {
 			panic("too long struct")
 		}
 		items := makeArrayOfType(int(n), stackitem.AnyT)
@@ -1031,12 +1025,12 @@ func (v *VM) execute(ctx *Context, op opcode.Opcode, parameter []byte) (err erro
 
 		switch t := arrElem.value.(type) {
 		case *stackitem.Array:
-			if t.Len() >= MaxArraySize {
+			if t.Len() >= stackitem.MaxArraySize {
 				panic("too long array")
 			}
 			t.Append(val)
 		case *stackitem.Struct:
-			if t.Len() >= MaxArraySize {
+			if t.Len() >= stackitem.MaxArraySize {
 				panic("too long struct")
 			}
 			t.Append(val)
@@ -1048,7 +1042,7 @@ func (v *VM) execute(ctx *Context, op opcode.Opcode, parameter []byte) (err erro
 
 	case opcode.PACK:
 		n := int(v.estack.Pop().BigInt().Int64())
-		if n < 0 || n > v.estack.Len() || n > MaxArraySize {
+		if n < 0 || n > v.estack.Len() || n > stackitem.MaxArraySize {
 			panic("OPACK: invalid length")
 		}
 
@@ -1119,7 +1113,7 @@ func (v *VM) execute(ctx *Context, op opcode.Opcode, parameter []byte) (err erro
 		case *stackitem.Map:
 			if i := t.Index(key.value); i >= 0 {
 				v.refs.Remove(t.Value().([]stackitem.MapElement)[i].Value)
-			} else if t.Len() >= MaxArraySize {
+			} else if t.Len() >= stackitem.MaxArraySize {
 				panic("too big map")
 			}
 			t.Add(key.value, item)
diff --git a/pkg/vm/vm_test.go b/pkg/vm/vm_test.go
index 185848275..83fa9f04c 100644
--- a/pkg/vm/vm_test.go
+++ b/pkg/vm/vm_test.go
@@ -489,9 +489,9 @@ func TestPUSHDATA4(t *testing.T) {
 }
 
 func TestPushData4BigN(t *testing.T) {
-	prog := make([]byte, 1+4+MaxItemSize+1)
+	prog := make([]byte, 1+4+stackitem.MaxSize+1)
 	prog[0] = byte(opcode.PUSHDATA4)
-	binary.LittleEndian.PutUint32(prog[1:], MaxItemSize+1)
+	binary.LittleEndian.PutUint32(prog[1:], stackitem.MaxSize+1)
 
 	vm := load(prog)
 	checkVMFailed(t, vm)
@@ -1222,7 +1222,7 @@ func TestNEWBUFFER(t *testing.T) {
 	prog := makeProgram(opcode.NEWBUFFER)
 	t.Run("Good", getTestFuncForVM(prog, stackitem.NewBuffer([]byte{0, 0, 0}), 3))
 	t.Run("Negative", getTestFuncForVM(prog, nil, -1))
-	t.Run("TooBig", getTestFuncForVM(prog, nil, MaxItemSize+1))
+	t.Run("TooBig", getTestFuncForVM(prog, nil, stackitem.MaxSize+1))
 }
 
 func TestMEMCPY(t *testing.T) {
@@ -1251,7 +1251,7 @@ func TestNEWSTRUCT0(t *testing.T) {
 func TestNEWARRAYArray(t *testing.T) {
 	prog := makeProgram(opcode.NEWARRAY)
 	t.Run("ByteArray", getTestFuncForVM(prog, stackitem.NewArray([]stackitem.Item{}), []byte{}))
-	t.Run("BadSize", getTestFuncForVM(prog, nil, MaxArraySize+1))
+	t.Run("BadSize", getTestFuncForVM(prog, nil, stackitem.MaxArraySize+1))
 	t.Run("Integer", getTestFuncForVM(prog, []stackitem.Item{stackitem.Null{}}, 1))
 }
 
@@ -1302,7 +1302,7 @@ func TestNEWARRAYT(t *testing.T) {
 func TestNEWSTRUCT(t *testing.T) {
 	prog := makeProgram(opcode.NEWSTRUCT)
 	t.Run("ByteArray", getTestFuncForVM(prog, stackitem.NewStruct([]stackitem.Item{}), []byte{}))
-	t.Run("BadSize", getTestFuncForVM(prog, nil, MaxArraySize+1))
+	t.Run("BadSize", getTestFuncForVM(prog, nil, stackitem.MaxArraySize+1))
 	t.Run("Integer", getTestFuncForVM(prog, stackitem.NewStruct([]stackitem.Item{stackitem.Null{}}), 1))
 }
 
@@ -1330,15 +1330,15 @@ func TestAPPENDBad(t *testing.T) {
 func TestAPPENDGoodSizeLimit(t *testing.T) {
 	prog := makeProgram(opcode.NEWARRAY, opcode.DUP, opcode.PUSH0, opcode.APPEND)
 	vm := load(prog)
-	vm.estack.PushVal(MaxArraySize - 1)
+	vm.estack.PushVal(stackitem.MaxArraySize - 1)
 	runVM(t, vm)
 	assert.Equal(t, 1, vm.estack.Len())
-	assert.Equal(t, MaxArraySize, len(vm.estack.Pop().Array()))
+	assert.Equal(t, stackitem.MaxArraySize, len(vm.estack.Pop().Array()))
 }
 
 func TestAPPENDBadSizeLimit(t *testing.T) {
 	prog := makeProgram(opcode.NEWARRAY, opcode.DUP, opcode.PUSH0, opcode.APPEND)
-	runWithArgs(t, prog, nil, MaxArraySize)
+	runWithArgs(t, prog, nil, stackitem.MaxArraySize)
 }
 
 func TestPICKITEM(t *testing.T) {
@@ -1399,11 +1399,11 @@ func TestSETITEMMap(t *testing.T) {
 func TestSETITEMBigMapBad(t *testing.T) {
 	prog := makeProgram(opcode.SETITEM)
 	m := stackitem.NewMap()
-	for i := 0; i < MaxArraySize; i++ {
+	for i := 0; i < stackitem.MaxArraySize; i++ {
 		m.Add(stackitem.Make(i), stackitem.Make(i))
 	}
 
-	runWithArgs(t, prog, nil, m, MaxArraySize, 0)
+	runWithArgs(t, prog, nil, m, stackitem.MaxArraySize, 0)
 }
 
 // This test checks is SETITEM properly updates reference counter.
@@ -1411,7 +1411,7 @@ func TestSETITEMBigMapBad(t *testing.T) {
 // 2. SETITEM each of them to a map.
 // 3. Replace each of them with a scalar value.
 func TestSETITEMMapStackLimit(t *testing.T) {
-	size := MaxArraySize - 3
+	size := stackitem.MaxArraySize - 3
 	m := stackitem.NewMap()
 	m.Add(stackitem.NewBigInteger(big.NewInt(1)), stackitem.NewArray(makeArrayOfType(size, stackitem.BooleanT)))
 	m.Add(stackitem.NewBigInteger(big.NewInt(2)), stackitem.NewArray(makeArrayOfType(size, stackitem.BooleanT)))
@@ -1431,7 +1431,7 @@ func TestSETITEMBigMapGood(t *testing.T) {
 	vm := load(prog)
 
 	m := stackitem.NewMap()
-	for i := 0; i < MaxArraySize; i++ {
+	for i := 0; i < stackitem.MaxArraySize; i++ {
 		m.Add(stackitem.Make(i), stackitem.Make(i))
 	}
 	vm.estack.Push(&Element{value: m})
@@ -1842,7 +1842,7 @@ func TestCAT(t *testing.T) {
 	t.Run("NoArgument", getTestFuncForVM(prog, nil))
 	t.Run("OneArgument", getTestFuncForVM(prog, nil, []byte("abc")))
 	t.Run("BigItem", func(t *testing.T) {
-		arg := make([]byte, MaxItemSize/2+1)
+		arg := make([]byte, stackitem.MaxSize/2+1)
 		runWithArgs(t, prog, nil, arg, arg)
 	})
 	t.Run("Good", getTestFuncForVM(prog, stackitem.NewBuffer([]byte("abcdef")), []byte("abc"), []byte("def")))
@@ -1900,10 +1900,10 @@ func TestPACK(t *testing.T) {
 func TestPACKBigLen(t *testing.T) {
 	prog := makeProgram(opcode.PACK)
 	vm := load(prog)
-	for i := 0; i <= MaxArraySize; i++ {
+	for i := 0; i <= stackitem.MaxArraySize; i++ {
 		vm.estack.PushVal(0)
 	}
-	vm.estack.PushVal(MaxArraySize + 1)
+	vm.estack.PushVal(stackitem.MaxArraySize + 1)
 	checkVMFailed(t, vm)
 }