diff --git a/qlib/backtest/utils.py b/qlib/backtest/utils.py
index 4210c9548a8..18fde070aad 100644
--- a/qlib/backtest/utils.py
+++ b/qlib/backtest/utils.py
@@ -8,7 +8,7 @@
 
 import numpy as np
 
-from qlib.utils.time import epsilon_change
+from qlib.utils.time import epsilon_change, Freq
 
 if TYPE_CHECKING:
     from qlib.backtest.decision import BaseTradeDecision
@@ -128,7 +128,16 @@ def get_step_time(self, trade_step: int | None = None, shift: int = 0) -> Tuple[
         if trade_step is None:
             trade_step = self.get_trade_step()
         calendar_index = self.start_index + trade_step - shift
-        return self._calendar[calendar_index], epsilon_change(self._calendar[calendar_index + 1])
+        left = self._calendar[calendar_index]
+        if calendar_index + 1 < len(self._calendar):
+            right = self._calendar[calendar_index + 1]
+        else:
+            # No bar exists after this one (e.g. end_time is the last calendar bar and no
+            # future calendar is configured). Fall back to the end of the current bar's
+            # period so the final step's interval stays well-defined instead of indexing
+            # out of bounds.
+            right = left + Freq.get_timedelta(*Freq.parse(self.freq))
+        return left, epsilon_change(right)
 
     def get_data_cal_range(self, rtype: str = "full") -> Tuple[int, int]:
         """
diff --git a/tests/backtest/test_calendar_boundary.py b/tests/backtest/test_calendar_boundary.py
new file mode 100644
index 00000000000..2fd961dad05
--- /dev/null
+++ b/tests/backtest/test_calendar_boundary.py
@@ -0,0 +1,160 @@
+# Copyright (c) Microsoft Corporation.
+# Licensed under the MIT License.
+
+"""Regression tests for TradeCalendarManager.get_step_time at the right calendar boundary.
+
+``get_step_time`` forms each step's right endpoint by peeking the *next* calendar bar
+(``self._calendar[calendar_index + 1]``).  On the final step, ``calendar_index`` equals
+``end_index``; if ``end_time`` is the last bar of the (future) calendar, that peek indexes
+out of bounds and the backtest dies with an opaque ``IndexError`` deep inside
+``get_step_time`` (see ``qlib/backtest/utils.py``, and the reports in #2278 / #1063).
+
+The invariants exercised here:
+    1. the final step must not raise IndexError;
+    2. non-boundary steps keep the original ``epsilon_change(calendar[i + 1])`` right endpoint;
+    3. pre-boundary steps are byte-for-byte identical to the old peek behaviour;
+    4. the fallback works for ``day`` and an intraday frequency (``minute``);
+    5. ``shift`` (which moves the effective boundary) is handled;
+    6. the ``trade_step=None`` / current-step path is handled;
+    7. ``finished()`` stays correct so the loop neither gains nor loses a step.
+"""
+
+import unittest
+
+import numpy as np
+import pandas as pd
+
+from qlib.data import D
+from qlib.backtest.utils import TradeCalendarManager
+from qlib.utils.time import epsilon_change
+from qlib.tests import TestAutoData
+
+
+def make_manager(calendar, freq, start=0, end=None):
+    """Build a TradeCalendarManager around an explicit, synthetic calendar.
+
+    ``get_step_time`` only reads ``_calendar``, ``start_index``, ``freq`` and the current
+    ``trade_step``, so its boundary logic can be exercised directly for any frequency
+    without needing a matching data provider on disk.  The object is constructed without
+    running ``reset`` (which would hit ``Cal.calendar``) precisely so the test controls the
+    calendar contents.
+    """
+    tcm = object.__new__(TradeCalendarManager)
+    tcm.freq = freq
+    tcm._calendar = np.array([pd.Timestamp(x) for x in calendar])
+    tcm.start_index = start
+    tcm.end_index = len(calendar) - 1 if end is None else end
+    tcm.trade_len = tcm.end_index - tcm.start_index + 1
+    tcm.trade_step = 0
+    tcm.start_time = tcm._calendar[tcm.start_index]
+    tcm.end_time = tcm._calendar[tcm.end_index]
+    return tcm
+
+
+class TradeCalendarBoundaryTest(TestAutoData):
+    """End-to-end reproduction against the real (future) calendar of the test dataset."""
+
+    def test_get_step_time_at_last_calendar_bar(self):
+        """The final step must not overflow when end_time is the last calendar bar (#2278/#1063)."""
+        cal = D.calendar(future=True, freq="day")
+        last = pd.Timestamp(cal[-1])
+        prev = pd.Timestamp(cal[-2])
+
+        tcm = TradeCalendarManager(freq="day", start_time=prev, end_time=last)
+        last_step = tcm.get_trade_len() - 1
+
+        # Before the fix this raises: IndexError: index N is out of bounds for axis 0 with size N
+        start, end = tcm.get_step_time(last_step)
+
+        self.assertEqual(start, last)
+        # Right endpoint is well-defined: epsilon before the end of the last bar's period.
+        self.assertEqual(end, epsilon_change(last + pd.Timedelta(days=1)))
+
+    def test_non_boundary_step_unchanged(self):
+        """A step that is not at the boundary keeps the original peek-the-next-bar behaviour."""
+        cal = D.calendar(future=True, freq="day")
+        end = pd.Timestamp(cal[-3])
+        start = pd.Timestamp(cal[-5])
+
+        tcm = TradeCalendarManager(freq="day", start_time=start, end_time=end)
+        last_step = tcm.get_trade_len() - 1
+        _, right = tcm.get_step_time(last_step)
+
+        next_bar = pd.Timestamp(cal[-2])
+        self.assertEqual(right, epsilon_change(next_bar))
+
+
+class TradeCalendarBoundaryUnitTest(unittest.TestCase):
+    """Frequency / shift / current-step / loop invariants on controlled synthetic calendars."""
+
+    def test_boundary_fallback_day(self):
+        """day: the last step's right endpoint is the end of that day."""
+        cal = pd.date_range("2021-01-04", periods=5, freq="D")
+        tcm = make_manager(cal, "day")
+        start, end = tcm.get_step_time(tcm.get_trade_len() - 1)
+        self.assertEqual(start, cal[-1])
+        self.assertEqual(end, epsilon_change(cal[-1] + pd.Timedelta(days=1)))
+        # single-bar interval preserved: end - start < one freq unit
+        self.assertLess(end - start, pd.Timedelta(days=1))
+
+    def test_boundary_fallback_minute(self):
+        """minute: the same off-by-one is fixed at intraday granularity (criterion #4)."""
+        cal = pd.date_range("2021-01-04 09:30", periods=5, freq="min")
+        tcm = make_manager(cal, "1min")
+        start, end = tcm.get_step_time(tcm.get_trade_len() - 1)
+        self.assertEqual(start, cal[-1])
+        self.assertEqual(end, epsilon_change(cal[-1] + pd.Timedelta(minutes=1)))
+        self.assertLess(end - start, pd.Timedelta(minutes=1))
+
+    def test_shift_moves_effective_boundary(self):
+        """shift changes calendar_index, hence whether the boundary fallback applies (criterion #5)."""
+        cal = pd.date_range("2021-01-04", periods=5, freq="D")
+        tcm = make_manager(cal, "day")
+        last_step = tcm.get_trade_len() - 1
+
+        # shift=0: calendar_index == end_index (last bar) -> fallback.
+        _, end0 = tcm.get_step_time(last_step, shift=0)
+        self.assertEqual(end0, epsilon_change(cal[-1] + pd.Timedelta(days=1)))
+
+        # shift=1: calendar_index == end_index - 1, so calendar[index + 1] still exists
+        # -> original peek path, right endpoint is epsilon before the last real bar.
+        start1, end1 = tcm.get_step_time(last_step, shift=1)
+        self.assertEqual(start1, cal[-2])
+        self.assertEqual(end1, epsilon_change(cal[-1]))
+
+    def test_current_step_path(self):
+        """trade_step=None uses the current step and must survive the boundary (criterion #6)."""
+        cal = pd.date_range("2021-01-04", periods=5, freq="D")
+        tcm = make_manager(cal, "day")
+        tcm.trade_step = tcm.get_trade_len() - 1  # advance to the final step
+        start, end = tcm.get_step_time()  # None -> get_trade_step()
+        self.assertEqual(start, cal[-1])
+        self.assertEqual(end, epsilon_change(cal[-1] + pd.Timedelta(days=1)))
+
+    def test_full_loop_finished_and_step_count(self):
+        """A full loop (as in #1063) yields exactly trade_len steps and finishes cleanly (criterion #7)."""
+        cal = pd.date_range("2021-01-04", periods=5, freq="D")
+        tcm = make_manager(cal, "day")
+
+        steps = 0
+        while not tcm.finished():
+            tcm.get_step_time()  # must not raise, even on the final step
+            tcm.step()
+            steps += 1
+
+        self.assertEqual(steps, tcm.get_trade_len())
+        self.assertTrue(tcm.finished())
+
+    def test_pre_boundary_steps_identical_to_old_peek(self):
+        """Every pre-boundary step equals the original (calendar[i], epsilon(calendar[i+1])) (criterion #3)."""
+        cal = pd.date_range("2021-01-04", periods=10, freq="D")
+        tcm = make_manager(cal, "day", start=2, end=6)  # ends well before the calendar boundary
+        for i in range(tcm.get_trade_len()):
+            start, end = tcm.get_step_time(i)
+            ci = tcm.start_index + i
+            self.assertEqual(start, cal[ci])
+            self.assertEqual(end, epsilon_change(cal[ci + 1]))
+
+
+if __name__ == "__main__":
+    unittest.main()