If you connect that hose to the ranny case breather you will be fine.That way it will recirculate the oil vapor you are seeing now,instead of just losing it. The nipple for the tranny breather is in the very rear,center of the engine.Right above the swing arm pivot. It's a little tough to get at,but that will cure your problem.
Of course,the engine does have to breathe somewhere. The breather nipple on the top of the vlavecover can vent to atmosphere,and then circulate the oil tank back into the tranny and you'll be good to go