Tarps do not come in cheap and light unless you DIY one. Also remember you purchased and 11' hammock which means you can't use a 9' tarp. Now add to that you would like it for ground cover and ...poof you need a bigger tarp. I also prefer non cat cut tarps for ground cover use which only makes it heavier.
Only you can decide if you want cheap or light and if you can DIY an item. If you want light you should be looking at Cuban Fiber tarps but be prepared for sticker shock
Personally for my day pack I carry a BCUSA 10x10 but it is not light at 1lb 7oz. I also carry a 10' hammock not the 11'. I like the BCUSA tarp because of all the tie outs on it. I can set up easily on the ground if no trees available or A frame for more coverage.
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