Disclosed is a phase discriminator, including: a first XOR gate connected to a trigger and a delay unit, a second XOR gate connected to the trigger and a latch, wherein the first XOR gate is a current mode logic XOR gate, the first XOR gate comprises a first offset current source circuit outputting a first adjustable offset circuit for controlling amplitude of the error signal output by the first XOR gate; and/or, the second XOR gate is a current mode logic XOR gate, the second XOR gate comprises a second offset current source circuit outputting a second adjustable offset circuit for controlling amplitude of reference signal output by the second XOR gate. Also disclosed are a clock and data recovery system and a phase adjustment method. The present invention can prevent introducing noise coupling to the voltage control oscillator (VCO) module.