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Abstract We present the first deep X-ray observations of luminous fast blue optical transient (LFBOT) AT 2018cow at ∼3.7 yr since discovery, together with the reanalysis of the observation atδt∼ 220 days. X-ray emission is significantly detected at a location consistent with AT 2018cow. The very soft X-ray spectrum and sustained luminosity are distinct from the spectral and temporal behavior of the LFBOT in the first ∼100 days and would possibly signal the emergence of a new emission component, although a robust association with AT 2018cow can only be claimed atδt∼ 220 days, while atδt∼ 1350 days contamination of the host galaxy cannot be excluded. We interpret these findings in the context of the late-time panchromatic emission from AT 2018cow, which includes the detection of persistent, slowly fading UV emission withνL_ν≈ 10³⁹erg s⁻¹. Similar to previous works (and in analogy with arguments for ultraluminous X-ray sources), these late-time observations are consistent with thin disks around intermediate-mass black holes (withM_•≈ 10³–10⁴M_☉) accreting at sub-Eddington rates. However, differently from previous studies, we find that smaller-mass black holes withM_•≈ 10–100M_☉accreting at ≳the Eddington rate cannot be ruled out and provide a natural explanation for the inferred compact size (R_out≈ 40R_☉) of the accretion disk years after the optical flare. Most importantly, irrespective of the accretor mass, our study lends support to the hypothesis that LFBOTs are accretion-powered phenomena and that, specifically, LFBOTs constitute electromagnetic manifestations of super-Eddington accreting systems that evolve to ≲Eddington over a ≈100-day timescale. 

Abstract ZTF J213056.71+442046.5 is the prototype of a small class of recently discovered compact binaries composed of a white dwarf and a hot subdwarf that fills its Roche lobe. Its orbital period of only 39 minutes is the shortest known for the objects in this class. Evidence for a high orbital inclination ( i = 86°) and for the presence of an accretion disk has been inferred from a detailed modeling of its optical photometric and spectroscopic data. We report the results of an XMM-Newton observation carried out on 2021 January 7. ZTF J213056.71+442046.5 was clearly detected by the Optical Monitor, which showed a periodic variability in the UV band (200–400 nm), with a light curve similar to that seen at longer wavelengths. Despite accretion on the white dwarf at an estimated rate of the order of 10 −9 M ⊙ yr −1 , no X-rays were detected with the EPIC instrument, with a limit of ∼10 30 erg s −1 on the 0.2–12 keV luminosity. We discuss possible explanations for the lack of a strong X-ray emission from this system.