It's a bit tight so don't feel too bad if you aren't getting it right away. Plenty of people struggle with it for quite a while.
It tends to be a bit more consistent if you put your camera at an angle rather than trying it dead-on.
I'm sure you're already doing it, but press Shift + S + Space all at the same time
Some runners like to lag, swearing it makes it more consistent, but for others it messes with the timing and they just don't do it
This is called Stratosfear Warp. It's the funniest trick in the game because it allows us to skip the final boss, but we can only set it up by killing the final boss.
To explain this with extremely basic vocabulary, if you take the warp under the arena fast enough after killing Stratosfear, then the warp in the center of the arena doesn't disappear and can be kept for later use.
This is only useful during 80 Star runs, as that is the only category that requires you to fight the final boss more than once.