{\it Kepler} satellite photometry and phase-resolved spectroscopy of the
ultracompact AM CVn type binary SDSS J190817.07+394036.4 are presented. The
average spectra reveal a variety of weak metal lines of different species,
including silicon, sulphur and magnesium as well as many lines of nitrogen,
beside the strong absorption lines of neutral helium. The phase-folded spectra
and the Doppler tomograms reveal an S-wave in emission in the core of the He I
4471 \AA\,absorption line at a period of Porb=1085.7±2.8\,sec
identifying this as the orbital period of the system. The Si II, Mg II and the
core of some He I lines show an S-wave in absorption with a phase offset of
170±15∘ compared to the S-wave in emission. The N II, Si III and some
helium lines do not show any phase variability at all. The spectroscopic
orbital period is in excellent agreement with a period at Porb=1085.108(9)\,sec detected in the three year {\it Kepler} lightcurve. A
Fourier analysis of the Q6 to Q17 short cadence data obtained by {\it Kepler}
revealed a large number of frequencies above the noise level where the majority
shows a large variability in frequency and amplitude. In an O-C analysis we
measured a ∣P˙∣∼1.0x10−8s\,s−1 for some of
the strongest variations and set a limit for the orbital period to be
∣P˙∣<10−10s\,s−1. The shape of the phase folded
lightcurve on the orbital period indicates the motion of the bright spot.
Models of the system were constructed to see whether the phases of the radial
velocity curves and the lightcurve variation can be combined to a coherent
picture. However, from the measured phases neither the absorption nor the
emission can be explained to originate in the bright spot.Comment: Accepted for publication in MNRAS, 15 pages, 14 figures, 5 table