A touch panel and a method for arranging electrodes of the touch panel are provided. The touch panel includes a plurality of touch sections. Each of the touch sections includes a first transmitter electrode, a first receiver electrode, a second transmitter electrode, a second receiver electrode, and a third receiver electrode. The first transmitter electrode has a first side and a second side opposite to the first side. The first receiver electrode adjoins the first side. The second transmitter electrode has a third side and a fourth side opposite to the third side. The second receiver electrode adjoins the second side and the third side. The third receiver electrode adjoins the fourth side.