My two teenagers, DD15 and DS16 are always, ALWAYS arguing. The whole fucking time. We can't be in the same room all of us together without them either muttering insults to each other or just plain out right shouting.
We're having dinner, they argue about who's eating what, how much the other has had etc. If we're playing a board game, one of them is always making fun of the other, taking it too far and then it all becomes a huge argument.
DS has form for always criticising DD. Things like "oh you're a failure", "you're so dumb", "look at her, she's pure evil", "you'll never get anywhere in life", "You always fail at maths"
and then whenever she says something about anything, he will SIGH sarcastically, mutter "ugh, idiot"... etc etc
DD on the other hand, loves interjecting all conversations with something mean about her brother: "no one cares what you think", "who said we want to know your opinion", "you have no friends", "yeah right that's so brilliant, you think you're so great", "yeah we really don't know it was you who finished the cake" 
Really NOT NICE!!! And I really hate it!!!
DH can't handle it and when it gets to a certain point, he gets upset and tells them off, to which DS replies with a very infuriating satisfied smile and DD acts like a horrified victim and leaves the room.
I try to ignore until I feel it's going to go too far, and I either change the subject, or say something like "enough, if you won't stop it please leave the table/room until you calm down".
This doesn't change the fact that the same happens every day every time they're in the same room. They used to have an ok relationship, normal sibling stuff.
We try very hard to never take sides. DH thinks we have to come up with more strategies and be more involved in trying to change this. But it just seems impossible to talk about this with them at the moment. Whenever we try, they think we're taking the other one's "side". UGH!!
AIBU in thinking this is normal teenage stuff and they'll grow out of it?