Accreting millisecond X-ray pulsars (AMXPs) are an important subset of low-mass X-ray binaries (LMXBs) in which coherent X-ray pulsations can be observed during occasional, bright outbursts (X-ray luminosity ). These pulsations show that matter is being channeled onto the neutron star's magnetic poles. However, such sources spend most of their time in a low-luminosity, quiescent state (L_X ≲ 10^(34) erg s^(-1)), where the nature of the accretion flow onto the neutron star (if any) is not well understood. Here we report that the millisecond pulsar/LMXB transition object PSR J1023+0038 intermittently shows coherent X-ray pulsations at luminosities nearly 100 times fainter than observed in any other AMXP. We conclude that in spite of its low luminosity, PSR J1023+0038 experiences episodes of channeled accretion, a discovery that challenges existing models for accretion onto magnetized neutron stars
