It depends on a ton of factors. In general there's more uncertainty for lower satellites, especially ones that straddle the thermopause. The error isn't necessarily constant, it depends on hard to predict events like space weather.
For something in LEO, an arcsecond of error is only a few meters. If you're plugging data into a standard orbital model like SDP4, a few meters is within the typical error margin basically as soon as the TLEs are published.
A full degree of error would take a while. For what it's worth, NORAD publishes new TLEs for things in LEO pretty regularly, sometimes multiple times a day. For higher up objects it can be more than a week before the refresh the data.