HS2237+8154: On the onset of mass transfer or entering the period gap?

We report follow-up observations of a new white dwarf/red dwarf binary HS2237+8154, identified as a blue variable star from the Hamburg Quasar Survey. Ellipsoidal modulation observed in the R band as well as the Halpha radial velocity variations measured from time-resolved spectroscopy determine the orbital period to be Porb=178.10±0.08min. The optical spectrum of HS2237+8154 is well described by a combination of a Teff=11500±1500K white dwarf (assuming log g=8) and a dM3.5±0.5 secondary star. The distance implied from the flux scaling factors of both stellar components is d=105±25pc. Combining the constraints obtained from the radial velocity of the secondary and from the ellipsoidal modulation, we derive a binary inclination of i~50deg-70deg and stellar masses of Mwd=0.47-0.67Msun and Msec=0.2-0.4Msun. All observations imply that the secondary star must be nearly Roche-lobe filling. Consequently, HS2237+8154 may be either a pre-cataclysmic variable close to the start of mass transfer, or (considering its orbital period) a cataclysmic variable that terminated mass transfer and entered the period gap, or a hibernating nova.