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Suppose I deposit two ERC-20 tokens (let's say USDC and USDT) into a single ETH address with $10 worth of Ether and I now want to transfer both of these tokens to another address. Suppose the current gas costs work out to $10 worth of Ether. Can I use the $10 of ETH to transfer both tokens to an external address or the gas cost would effectively be double - at $10 Ether per token? Assuming, I could transfer both coins to the same address using a single gas fee, would it be the same if I decided to transfer each token to a different address?

Thanks

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You can't do that, that's 2 separate transactions, you'll have to pay the gas fee for each one.

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