the little thing on the side is so you can see how much oil you have in the can.
If you don't have a hose clamp on the lines you could be getting oil seepage between the line and bung. I'd put a clamp on it, tighten it down and see if the leaking stops.I use one like you have pictured above and jujst recently - I had a leak - not sure why, but it looks like from that clear tube that is used for levels - it leaked at the bottom of that tube - so you need to make sure you kind of pay attention to this over time.
Here is a shot of mine before I installed the exit line (goes down through bottom of engine bay with 3/8" tubing)