Comparison of three-phase modulation with two-phase and four-phase modulation

For a constant added noise density at high signal-to-noise ratios and for the same error rate, three-phase PSK requires about 0.75 dB less energy per bit than two-phase or four-phase PSK. However, at very low signal-to-noise ratios, three-phase PSK requires about 0.74 dB more energy per bit of channel capacity than two-phase or four-phase PSK.