Polyester fibers tend to generate static electricity during the weaving and application processes, posing a threat to their production. Enhancing the water absorbency and electrical conductivity of polyester fibers themselves is an effective approach to improving their antistatic properties. In this study, multifunctional chitosan (CS), sodium phytate (SP), and Cu2+ were loaded on polyester fibers through layer-by-layer (LBL) self-assembly. The antistatic and water absorption capability of the modified polyester fibers was investigated by designing different process parameters combined with a surface resistance test and water contact angle tests. The antistatic property test results confirmed the positive effect of CS and Cu2+ on discharging electrostatic charge. Within a definite scope, with the increase in the number of assembly layers, assembly duration, and the concentration of the assembly substances, the wettability of the modified polyester fibers became more favorable and the antistatic effect became more remarkable.